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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook