Home Capital Broker's Calls

DBS initiates 'buy' on GuocoLand as it looks to benefit from the office market recovery

Felicia Tan
Felicia Tan4/5/2022 6:55 PM GMT+08  • 3 min read
DBS initiates 'buy' on GuocoLand as it looks to benefit from the office market recovery
Guoco Tower. Photo: GuocoLand
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Group Research has started GuocoLand with a “buy” recommendation as it sees the counter as a “multi-bagger play on value unlocking”.

Analysts Derek Tan and Rachel Tan have also given the SGX-listed property developer a target price of $2.30, which is based on a “conservative” 60% discount to its revised net asset value (RNAV) of $5.70.

In their report dated April 5, the analysts see GuocoLand as being a play into future-ready living.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now