DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
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DBS Research is optimistic about Singapore property developers, raising target prices for CDL, UOL, GuocoLand, and others. Stocks may see a 28-64% upside. Developers are accelerating capital recycling and restructuring, with potential value creation initiatives like Marina Square redevelopment. Divestments and increased dividends are noted, with special dividends possible for CDL and others. Property agencies may face moderated earnings growth in 2026, but certain projects are expected to see strong demand.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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