0156 GMT - Singapore co-living property company Coliwoo gains a new bull in Maybank Securities' Eric Ong, who cites the company's healthy development pipeline and established market position. Coliwoo aims to expand its portfolio to nearly 4,000 rooms by end-2026 from 2,933 rooms and has launches planned for the next two to three years, Ong says in a note. The property company's recent sale-and-leaseback of a Singapore co-living hotel works well for the group's asset-light strategy, which the analyst says would improve its return on equity. This could result in a dividend payout higher than its current guidance of 40% of core profit, he adds. Maybank Securities starts coverage on Coliwoo with a buy rating and a target price of S$0.74. Shares rise 1.8% to S$0.565. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 20:56 ET (01:56 GMT)
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