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SPH kept at 'add' amid defensive UK student accommodation acquisition

Stanislaus Jude Chan
Stanislaus Jude Chan9/13/2018 11:37 AM GMT+08  • 2 min read
SPH kept at 'add' amid defensive UK student accommodation acquisition
SINGAPORE (Sept 13): CGS-CIMB Research is keeping its “add” call on Singapore Press Holdings (SPH) with an unchanged target price of $2.88, implying an upside of 7.5%.
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SINGAPORE (Sept 13): CGS-CIMB Research is keeping its “add” call on Singapore Press Holdings (SPH) with an unchanged target price of $2.88, implying an upside of 7.5%.

This comes after SPH on Monday announced the acquisition of a student accommodation portfolio in the UK for $321 million.

With a total capacity of 3,436 beds for student accommodation, the properties include 10 freehold assets and 4 leasehold assets situated in established university towns and cities with large full-time student populations.

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