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Bukit Sembawang Estates is a ‘potential dividend powerhouse’: DBS
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DBS Group Research has identified Bukit Sembawang Estates as a potential dividend powerhouse, citing its strong balance sheet, zero debt, and record cash reserves. DBS sees the possibility of a special dividend of up to S$1 per share, in addition to the regular annual dividend. The developer's substantial landbank and valuation provide multi-year income visibility. DBS has a fair value target of S$5.88 on the stock.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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