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Home / News / Brokers Calls

OCBC raises Shangri-La Asia fair value to HK$9.74 on anticipated recovery

Broker's Calls

OCBC raises Shangri-La Asia fair value to HK$9.74 on anticipated recovery

The Edge Singapore Published on Tue, Mar 30, 2021 / 4:10 PM GMT+8

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Hotel operator Shangri-La Asia’s FY20 results came in below expectations of OCBC’s analyst Chu Peng, due to higher operating expenses and a weak operating environment.

However, with the expectations of recovery from the pandemic-hit year, Chu has maintained her buy call on the stock but with a higher fair value of HK$9.74, from HK$7.02 previously.