DBS initiates GuocoLand with 'buy' on company's strength in property development
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DBS Group Research has initiated coverage on GuocoLand with a "buy" call, noting that the property developer is a play into future-ready living with its high-end residential projects and its growing portfolio of quality investment properties.
The research team has a target price of S$2.30 on the counter, which represents a potential upside of around 51 per cent, it said in a report on Tuesday (Apr 5).
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