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Hatten Land to reach safer ground in FY18

Michelle Zhu
Michelle Zhu5/16/2017 11:46 AM GMT+08  • 2 min read
Hatten Land to reach safer ground in FY18
SINGAPORE (May 16): UOB Kay Hian is maintaining its “buy” recommendation on Hatten Land with a target price of 43 cents after the Malaysian property developer posted lower-than-expected 3Q17 earnings last Thursday.
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SINGAPORE (May 16): UOB Kay Hian is maintaining its “buy” recommendation on Hatten Land with a target price of 43 cents after the Malaysian property developer posted lower-than-expected 3Q17 earnings last Thursday.

(See also: Hatten Land sinks into the red on RTO-related expenses)

Although the research house has lowered its FY17 earnings forecast by 12.9%, it raised its FY18 earnings forecast by 6.9% mainly through deferring earnings recognition from commercial projects to later years.

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