Millennium Hilton Seoul

Broker's Calls

CDL divestment of Seoul hotel seen as 'right move' by RHB

In a report dated Dec 14, RHB Group Research has also kept its target price of $9 on the counter.

Property

CDL to divest Millennium Hilton Seoul and adjoining land for $1.26 bil at 'significant premium to book value'

The group is expected to recognise an estimated gain of $529.73 million.
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