Stock Name: Wheelock
Company Name: WHEELOCK PROPERTIES (S) LTD
WheelockProperties (S) - Marks & Spencerpicked up slack
Target S$1.67
Core net profit was down as the recognition of sold residential units was unable to buffer the slowdown in new sales in 4Q11. Management expects property cooling measures to affect revenue in 2012. Vacancy at Wheelock Place limited positives from Scotts Square retail.
Company Name: WHEELOCK PROPERTIES (S) LTD
| Research House: CIMB | Price Call: HOLD | Target Price: 1.67 |
WheelockProperties (S) - Marks & Spencerpicked up slack
Target S$1.67
Core net profit was down as the recognition of sold residential units was unable to buffer the slowdown in new sales in 4Q11. Management expects property cooling measures to affect revenue in 2012. Vacancy at Wheelock Place limited positives from Scotts Square retail.
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