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GuocoLand is well positioned to ride the property uptrend

Samantha Chiew
Samantha Chiew8/25/2017 4:32 PM GMT+08  • 2 min read
GuocoLand is well positioned to ride the property uptrend
SINGAPORE (Aug 25): UOB Kay Hian is maintaining its “buy” call on GuocoLand with a target price of $2.80 as the group is a key beneficiary of property sector turnaround and rotational interest.
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SINGAPORE (Aug 25): UOB Kay Hian is maintaining its “buy” call on GuocoLand with a target price of $2.80 as the group is a key beneficiary of property sector turnaround and rotational interest.

The group is well positioned to ride the property uptrend as it derives 70% of its value from the Singapore market.

It is also a beneficiary of the expected privatisation of Global Logistic Properties, which has resulted in strong interest from fund managers of property developers who are looking to replace the gap in their portfolios.

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