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CIMB has ‘hold’ recommendation on SPH with $3.36 target

Samantha Chiew
Samantha Chiew6/15/2017 10:46 AM GMT+08  • 2 min read
CIMB has ‘hold’ recommendation on SPH with $3.36 target
SINGAPORE (June 15): CIMB is maintaining its “hold” recommendation on Singapore Press Holdings (SPH) with a target price of $3.36 after putting in the winning bid for the first Bidadari mixed development.
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SINGAPORE (June 15): CIMB is maintaining its “hold” recommendation on Singapore Press Holdings (SPH) with a target price of $3.36 after putting in the winning bid for the first Bidadari mixed development.

(See also: SPH gradually morphing into property play with Bidadari win)

To recap, a total of 12 bids were submitted for the first Bidadari mixed commercial and residential site. SPH-Kajima JV submitted the highest bid of $1.132 billion, 1.1% higher than the second highest bid.

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