The Business Times
business-time-50

LHN expands co-living portfolio with healthcare lodging win, bolstered by high occupancy

google-preferred-sourceAdd BT as a preferred source
Megan Cheah

Megan Cheah

Published Fri, Mar 29, 2024 · 05:00 AM
    • Coliwoo Hotel Pasir Panjang, by LHN. Lim & Tan Securities analyst Chan En Jie considers the two upcoming healthcare lodging facilities at 100 Ulu Pandan Road and 60 Boundary Close as a positive entry into a new revenue stream for LHN..
    • Coliwoo Hotel Pasir Panjang, by LHN. Lim & Tan Securities analyst Chan En Jie considers the two upcoming healthcare lodging facilities at 100 Ulu Pandan Road and 60 Boundary Close as a positive entry into a new revenue stream for LHN.. PHOTO: COLIWOO

    MAINBOARD-LISTED LHN ’s co-living business segment Coliwoo will continue to grow, backed by an increase in keys and resilient rental rates, analysts have said.

    In particular, the company could get a boost from the award of two contracts to operate hostel-type facilities for foreign healthcare workers, which will house at least 700 such professionals. 

    This could further catalyse the company’s stock, which generated total returns of nearly 27 per cent in the past year.

    lhn limitedCo-livingHealthcare

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More