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Bukit Sembawang's pivot to recurring income will boost dividends: DBS

Group has potential debt-funding headroom of S$360-750 million

Vivienne Tay

Vivienne Tay

Published Fri, Oct 23, 2020 · 09:50 PM

    Singapore

    DBS Group Research on Friday said Bukit Sembawang Estate's move to pivot its business model to build a recurring income base will boost dividends.

    This could generate revenues of about S$11 million per annum, DBS said in a report on Friday. The research team has initiated coverage on the property developer with "buy" and a S$5.44 target price.

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    Property developersbukit sembawang estatesHousing

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