“The average occupancy rate of its co-living portfolio edged up from 91.8% in 1HFY2024 to about 95% in 3QFY2024, helped by competitive pricing and the newly launched River Valley assets as they continue to be ramped up.
Maybank Securities analysts Li Jialin and Eric Ong are keeping “buy” on LHN Group with a target price of 43 cents following the release of its 3QFY2024 ended June business update.
At its briefing, LHN guided for stable operations at its Coliwoo assets, supported by incremental demand from more tourists and summer-holiday makers, the analysts note.
