- Initiate coverage of Wee Hur with a BUY recommendation and SOTP-based target price of S$0.62. Wee Hur's share price is currently trading at around 36% below book value.
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Company Background
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- Workers’ Dormitory,
- Property Development,
- Fund Management, and
- PBSA Operations.
- The largest contributor to 1H24 revenue was Building Construction (41%), followed by Workers’ Dormitory (39%).
Investment Highlights
Worker dormitory segment as a key growth driver.
- Read more at SGinvestors.io.