“Soon Hock’s management team has developed and sold over 900 strata-titled units with total gross development value (GDV) exceeding $1 billion, ranking it among Singapore’s top five developers by gross floor area with a 6% market share,” she writes.
UOB Kay Hian analyst Heidi Mo has initiated a “buy” call on Soon Hock Enterprise (Soon Hock), with a target price of 68 cents.
Soon Hock, which debuted on the Mainboard on Oct 16, is a leading Singapore industrial property developer with a strong record of purpose-built, end-user-driven projects, notes Mo in her Nov 27 report.
