Home Capital Broker's Calls

GL's potential for privatisation, asset disposal gets it a starting ‘buy’

PC Lee
PC Lee10/31/2017 11:29 AM GMT+08  • 3 min read
GL's potential for privatisation, asset disposal gets it a starting ‘buy’
SINGAPORE (Oct 31): UOB KayHian is starting GL Limited with a “buy” with $1.185 target price given its potential for privatisation as well as asset disposal.
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.

SINGAPORE (Oct 31): UOB KayHian is starting GL Limited with a “buy” with $1.185 target price given its potential for privatisation as well as asset disposal.

The hotel operator is also seeking to unlock value through non-core asset disposal with up to US$80 million gains expected, says analyst Edison Chen in a report for retail investors on Tuesday.

While GL has been exploring options to sell its casino and Hawaii properties for a while, there was an offer for its casino business and GL has finally posted its Molokai property for sale with strong buyer interest.

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.