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.
In a Friday report, SAC analyst Terence Chua says he was impress by the rapid developments taking place in the city.
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