Highlights

Simons Trading Research

Author: simonsg   |   Latest post: Fri, 15 Nov 2019, 12:20 PM

 

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 0.345 +0.005 (1.47%) 1,371 

  Be the first to like this.
 


 

138  140  168  657 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SinoCloud 0.0010.00 
 United Engineers 2.70-0.01 
 YZJ Shipbldg SGD 1.00+0.03 
 SingTel 3.18-0.12 
 Golden Agri-Res 0.255+0.01 
 Rex Intl 0.191-0.007 
 China Star Food 0.03+0.002 
 Tritech 0.032+0.003 
 Ascendas Reit 2.89-0.01 
 Sino Grandness 0.0440.00 
Partners & Brokers