Home Capital Broker's Calls

Ho Bee's stable recurring income and undervalued luxury properties keep it at 'buy'

Samantha Chiew
Samantha Chiew3/5/2018 11:26 AM GMT+08  • 2 min read
Ho Bee's stable recurring income and undervalued luxury properties keep it at 'buy'
SINGAPORE (Mar 5): Phillip Capital is maintaining its “accumulate” call on Ho Bee Land with a target price of $2.98.
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 (Mar 5): Phillip Capital is maintaining its “accumulate” call on Ho Bee Land with a target price of $2.98.

This comes on the back of the group announcing on Feb 28 that its 4Q earnings have dropped by 20.9% y-o-y to $102.4 million, while FY17 earnings were 15% higher y-o-y at $249.3 million.


See: Ho Bee Land posts 20.9% drop in 4Q earnings to $102.4 mil

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