“We believe the market will be focused on its upcoming launches,” says analyst Joseph Ng in a Wednesday report. “Looking at Roxy-Pacific’s landbank, we note that the four projects in its pipeline face somewhat mixed prospects.”
SINGAPORE (Apr 18): OCBC Investment Research believes it is still too early to call the bottom for Roxy-Pacific Holdings, even though its share price has fallen 26% over the last 12 months.
The brokerage is keeping its “hold” rating on Roxy-Pacific with a fair value estimate of 41 cents.
