Highlights

Simons Trading Research

Author: simonsg   |   Latest post: Fri, 23 Oct 2020, 8:51 AM

 

Oxley Holdings - Major Property Sector Bargain; Initiate BUY

Author:   |    Publish date:


  • Initiate coverage on OXLEY HOLDINGS LIMITED (SGX:5UX), a home-grown property developer, with BUY and a Target Price of SGD0.41, pegged to a 45% discount to our RNAV of SGD0.74.
  • Concerns over its gearing level are overdone, as it should be lowered by key asset sales – especially from Chevron House and its hotels along Stevens Road. Sturdy profits from its overseas and local projects will also start to flow in, and shareholders could be rewarded by special dividends.

Source: RHB Invest Research - 13 Jun 2019

Share this
Labels: Oxley

Related Stocks

Chart Stock Name Last Change Volume 
Oxley 0.22 -0.005 (2.22%) 353 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

119  112  147  725 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Oceanus^ 0.007-0.001 
 Jiutian Chemical 0.082+0.004 
 Nico Steel^ 0.0010.00 
 Sembcorp Marine 0.129-0.003 
 Aspen 0.275+0.055 
 ThaiBev 0.585-0.005 
 Abundance Intl 0.038+0.002 
 Singapore-eDev 0.064+0.004 
 Medtecs Intl 1.21+0.04 
 SingTel 2.10-0.02