Singapore Land rated 'buy' by AmFraser

Stock Name: Sp Land
Company Name: SINGAPORE LAND LIMITED
Research House: AmFraser

AmFraser Research in a Feb 21 research report says: "Singapore Land Ltd (SingLand) reported $662 million net profit for FY2010. It was a sharp turnaround from a $266 million net loss for FY2009. SingLand benefited from a $539 million revaluation gain in FY2010, in contrast to a S$609mil fair value loss previously.

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