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This developer is riding on a sweet office property upcycle

PC Lee
PC Lee5/4/2017 01:27 PM GMT+08  • 2 min read
This developer is riding on a sweet office property upcycle
SINGAPORE (May 4): DBS says Hongkong Land could trade up to US$8.51 as the Jardine group developer benefit from ongoing tight market supply.
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SINGAPORE (May 4): DBS says Hongkong Land could trade up to US$8.51 as the Jardine group developer benefit from ongoing tight market supply.

Over the past three months, its share price has appreciated 14% amid the improving office market in Central. Meanwhile, the stock is trading 32% below DBS’s assessed current NAV.

“Valuation is by no means expensive from an historical viewpoint,” says analyst Jeff Yau in a Thursday report.

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