Singapore's new project launches to benefit developer stocks as cyclical upturn continues
16 Jan 2018, 11:47 am
SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector, while flagging UOL and City Developments (CDL) as the best large-cap proxies as the market continues its cyclical upturn.
These top picks have been rated “Buy” at target prices of S$9.85 and S$13.80, representing a respective 15% and 6% discount to RNAV and price-to-book value ratios of 0.85 and 1.26 times.
In a Monday report, analyst Derrick Heng says he sees more upside in 2018 as...(click on link for full story on theedgesingapore.com)
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