Stock Name: Ho Bee Land
Company Name: HO BEE LAND LIMITED
Company Name: HO BEE LAND LIMITED
| Research House: UOB KayHian | Price Call: BUY | Target Price: 2.86 |
SINGAPORE (June 11): UOB Kay Hian has maintained its "buy" call on Ho Bee Land with a target price of $2.86.
Analyst Vikrant Pandey says Ho Bee's London properties should contribute significantly to recurring income over the next few years.
"Ho Bee's very sizeable commercial portfolio, well in excess of $2 billion, could also well pave the way for a commercial REIT spin-off", wrote Pandey in a note after a company visit. "With a high trading discount to RNAV and a low free float of less than 25%, it remains a palatable candidate for privatisation plays," he added.
