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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

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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bukit sembawang estates

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

Vivienne Tay

KEYWORDS IN THIS ARTICLE

Companies & Markets

Barclays cuts jobs in energy transition team it only just built

UMS Holdings Q1 net profit drops 44% to S$9.8 million

SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand

Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share

US: Wall St opens higher, focus on comments from Fed officials

Vicom Q1 net profit up 1.3% to S$6.9 million

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