0723 GMT - GuocoLand's property development business looks highly resilient, DBS Group Research's Tabitha Foo says in a research report. This view is supported by the company's strong presales across most of its projects, which is a clear testament to its end-to-end execution capabilities, the analyst says. The property company is likely to further strengthen its solid track record with four projects in its landbank set to launch soon. Also, GuocoLand seems well-placed to capitalize on the flight-to-quality trend in the Singapore Central Business District's Grade A office-space segment. DBS raises the stock's target price to S$2.50 from S$2.00 to reflect a lower discount to revised net asset value, with an unchanged buy rating. Shares are 1.5% higher at S$2.08. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 21, 2025 03:23 ET (07:23 GMT)
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