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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...

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