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Home / Capital / Brokers Calls

SAC keeps ‘buy’ on Hong Lai Huat on Cambodian developments

Broker's Calls

SAC keeps ‘buy’ on Hong Lai Huat on Cambodian developments

PC Lee Published on Fri, Oct 19, 2018 / 10:27 AM GMT+8

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SINGAPORE (Oct 19): SAC Advisors is maintaining its “buy” call for Hong Lai Huat Group (HLH) given nearly 80% of the commercial and residential units in its D’Seaview development in Sihanoukville, Cambodia, have been sold.

The property and construction group has also agreed to sell its 98-room hotel in D’Seaview for $15.7 million which should translate into good margins since land prices in the city have skyrocketed since 2015.

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