In a Thursday report, analyst Lock Mun Yee says she continues to like GuocoLand for its increasingly stable recurrent income profile, as demonstrated from an improvement in topline in the latest quarter due to better performance in the Singapore residential sector.
SINGAPORE (Feb 2): CIMB Research is maintaining its “add” call on GuocoLand while raising its target price to $2.88 from $2.82 previously, after tweaking RNAV projections post the property developer’s 2Q18 financial results.
