Singapore Stock Market News
Lian Beng - Opportunistic Property Acquisition
StockFanatic
Publish date: Mon, 19 May 2014, 03:30 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We view this opportunistic acquisition favourably, as the sale of Prudential Tower's strata-titled units could offer Lian Beng earnings boost of c.SGD23.3m, or recurrent rental income of SGD5.1m annually.
Maintain BUY and SGD1.17 TP.
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