Coliwoo Could Gain From Influx of Expats, Students Amid Mideast Conflict -- Market Talk

Dow Jones
03/12

0111 GMT - Coliwoo could benefit from the influx of expatriates and students to Singapore amid uncertainty in the Middle East, says RHB Research's Vijay Natarajan in a note. This likely increase could push up rental demand in the city-state. The co-living accommodation operator's 1Q portfolio occupancy rose, indicating firm demand, the analyst says. The company's recent plan to sell a portfolio of mature assets is also likely to draw healthy investor interest, he adds, noting that the assets are being marketed at a slight premium to book value. RHB Research retains its buy rating and S$0.82 target price on Coliwoo, which is flat at S$0.52. (megan.cheah@wsj.com)

 

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March 11, 2026 21:11 ET (01:11 GMT)

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