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KGI starts LHN at 'outperform', target price of 49 cents

Atiqah Mokhtar
Atiqah Mokhtar9/29/2021 05:26 PM GMT+08  • 2 min read
KGI starts LHN at 'outperform', target price of 49 cents
LHN's four new residential properties are expected to provide "solid revenue contribution" in FY22.
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KGI Securities analyst Megan Choo has initiated coverage on real estate management service group LHN with an “outperform” rating and a target price of 49 cents.

LHN’s primary business involves space optimisation, where old, unused and under-utilised industrial, commercial and residential properties are transformed into highly usable space. The company also has a facilities management segment, as well as a logistic management segment.

See: LHN Group acquires Tuas South industrial property for $21 mil

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