Friday, May 22, 2015

Lian Beng Group gets 'buy' call, 72.5-cent target from UOB Kay Hian

Stock Name: Lian Beng
Company Name: LIAN BENG GROUP LTD
Research House: UOB KayHianPrice Call: BUYTarget Price: 72.50



SINGAPORE (May 22): UOB Kay Hian has started coverage on Lian Beng Group with a "buy" rating and price target of 72.5 cents.

With a projected FY2016 dividend yield of 4.7%, growing recurring income driven by rental from investment properties, and nearly $90 million of development profits yet to be recognised, Lian Beng offers "good value" at its current price, according to UOB Kay Hian analyst Loke Chunying.

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