0250 GMT - Thakral Corp. appears well-positioned to deliver sustainable growth, Phillip Securities Research's Darren Chan says in a report. Growth drivers include expanding retail operations in greater China, a broader range of products from China's DJI to distribute in South Asia and strategic investments in India, the analyst says. Profit from the Singapore-listed company's investment segment, led by its associate GemLife, surged 49% in FY 2024, the analyst says. GemLife's earnings momentum is expected to continue, supported by development of new home settlements and rising recurring revenue from site fee collections, the analyst adds. The brokerage initiates its coverage of the stock with a buy rating and a target price of S$2.04. Shares are 0.7% lower at S$1.51. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 01, 2025 22:50 ET (02:50 GMT)
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