GuocoLeisure - Dawn Of a New Era | I3investor

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GuocoLeisure - Dawn Of a New Era

StockFanatic

Publish date: Tue, 11 Mar 2014, 11:15 AM

GLL is embarking on a hotel-operator model that will see it expanding to 100 major cities by 2023. Its hotel division CEO, Michael DeNoma, has an impressive record for value-creation in his previous appointments, and we are positive on his execution capability. We reduce our holding company discount from 30% to 20%.

Maintain BUY, with a higher TP of SGD1.43.

GuocoLand (F17)

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