LHN Limited - Co-living The Growth Driver

LHN Limited - Phillip Securities 2022-12-11: Co-living The Growth Driver

LHN Limited - Co-living The Growth Driver

SGinvestors.io

Published: 2023-01-04 02:08 AM

LHN LIMITED (SGX:41O) LHN LOGISTICS LIMITED (SGX:GIH)

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Co-living revenue continues to grow strongly with 38% y-o-y growth in 2H22. Growth was driven by an estimated 25% growth in rooms and a mid-teens rise in room rates.

LHN's earnings in FY23e will be supported by an estimated 60% expansion in co-living capacity (under Coliwoo brand) by 600 rooms to around 1,600. The new 411 units in Mount Elizabeth will be one of the largest sites for Coliwoo. The absence of dorm earnings will be a drag in 1H23.

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LHN's FY22 – The Positive

Co-living riding on surge in rental rates and capacity.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

SGinvestors.io

Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2022-12-11

Read also Phillip's most recent report:
2025-05-19 LHN - Realising More Value.

Previous report by Phillip:
2025-03-11 LHN - A Year For Harvesting.

Price targets by other brokers at LHN Target Prices.

Listing of research reports at LHN Analyst Reports.

Relevant links:
LHN Share Price History,
LHN Announcements,
LHN Dividend Payout Dates & Corporate Actions,
LHN News