Brokers' take
Regal International Group | Neutral
Dec 29: Untraded
Last traded: S$0.165 (Dec 21)
Target price: S$0.24
Phillip Capital, Dec 29
We did a site visit to Regal International Group's major developments in Kuching in end-November . . . These are some of our post-visit thoughts.
While it remains to be seen if 72 Residences (Tropics II) and Tropics City (Tropics III) can follow in the successful footsteps of Tropics I in Kuching, the benefits of potential buoyant sales - even if realised - will only be realised towards 2017 as the projects' construction complete. A…
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