Singapore Stock Market News

Sinarmas Land Limited - Continual growth momentum

StockFanatic
Publish date: Mon, 02 Mar 2015, 04:37 PM
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Highlights
■ Net profit above our expectations bolstered by divestment gain of London asset

■ JV projects Indonesia Convention Exhibition and AEON Mall BSD City to commence operations in 2015, augmenting the recurring income

■ Looking to expand footprint in China with the wavier of existing undertakings between the company and Bund Center Investment Ltd

■ A final dividend of 0.5 cents per share declared

■ Maintain BUY with unchanged TP$0.96
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