0304 GMT - GuocoLand's stock offers undemanding valuations with multiple upside catalysts, says DBS Group Research's Tabitha Foo in a note. Despite the Singapore property developer's shares rallying around 23% year to date, it has a valuation of 0.5X price-to-revalued-net-asset-value ratio, which the analyst finds attractive. Its residential upcoming launches are likely to see healthy demand, while its mall and grade A offices could contribute to higher recurring income, she says. Continuing strong residential sales, possible dividend increases and potential value-unlocking through restructuring into a trust could serve as upside catalysts, she adds. DBS raises its target price to S$3.30 from S$3.00 and maintains its buy rating. Shares fall 1.1% to S$2.65. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 29, 2026 22:04 ET (03:04 GMT)
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