Guocoleisure kept at 'add' with unchanged price target of $1.18 by CIMB

Stock Name: GuocoLeisure
Company Name: GUOCOLEISURE LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 1.18

SINGAPORE (June 19): CIMB Research is maintaining its "Add" call for the hotel and property developer, Guocoleisure (GLL) with an unchanged target price of $1.18 for its promising ongoing development.

GLH, the hotel arm of GLL, has a new Value Centre General Manager (VCGM) model that is disrupting the conventional hotel investment and management business, says the research house.

GLL's strategy for its hotel business is to focus on decentralisation - this is unlike large hotel chains that typically have centralised decision-making model.