Wednesday, March 25, 2015

SingHaiyi Group started at "buy", 19-cent target by RHB Securities

Stock Name: SingHaiyi Group
Company Name: SINGHAIYI GROUP LTD.
Research House: RHBPrice Call: BUYTarget Price: 0.19



SINGAPORE (March 25): RHB Securities Singapore has started coverage on SingHaiyi Group with a "buy" call and price target of 19 cents.

With retail, commercial and residential properties in the US in its portfolio, the developer is expected to benefit from rising US property prices and a stronger greenback, according to RHB analysts Ong Kian Lin and Ivan Looi.

The company bought three US properties at steep discounts to their market values in the last two years. Two of them are in San Francisco Bay.

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