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Bukit Sembawang kept at 'buy' on solid development pipeline

Stanislaus Jude Chan
Stanislaus Jude Chan5/25/2018 11:23 AM GMT+08  • 2 min read
Bukit Sembawang kept at 'buy' on solid development pipeline
SINGAPORE (May 25): Maybank Kim Eng Research is keeping its “buy” call on Bukit Sembawang Estates (BS) with an unchanged target price of $8.55, representing an upside of 39% from its current trading price.
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SINGAPORE (May 25): Maybank Kim Eng Research is keeping its “buy” call on Bukit Sembawang Estates (BS) with an unchanged target price of $8.55, representing an upside of 39% from its current trading price.

The target price is based on a 20% discount to Bukit Sembawang’s revalued net asset value (RNAV) of $10.71.

“With a solid $2.6 billion development pipeline, we see BS’s earnings at an inflection point,” says analyst Derrick Heng in a report on Friday.

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