“Soon Hock Enterprise is a Singapore pure-play strata industrial developer with a visible development pipeline of approximately $979 million in GDV (gross develompent value) extending to FY2029,” Ng writes in his April 20 report.
uSmart analyst Ng Xin Yang has initiated a “buy” call on Mainboard-listed Soon Hock Enterprise with a 12-month target price of 72 cents.
Ng’s target price implies a total return of around 19%, including the company’s FY2026 dividend yield of 5.8%. It is also valued based on a 30% discount to Soon Hock’s gross residual net asset value (RNAV) of $319.5 million. The company’s financial year ends on Dec 31.
