Gallant Venture - The Sleeping Dragon Awakes | I3investor

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Gallant Venture - The Sleeping Dragon Awakes

StockFanatic

Publish date: Tue, 10 Jun 2014, 10:42 AM

We initiate on Gallant Venture "Gallant" with SGD0.57 TP, derived through SOP RNAV, which represents a 58% upside and recommend BUY. Gallant is the largest land owner in Bintan Island (of Indonesia) with landbank a quarter the size of Singapore.

After a long development gestation period, catalysts for unlocking its value are:

i) new renowned resorts open in Lagoi Bay,

ii) new airport to accelerate its projects, and

iii)synergistic businesses ride on the success.

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