- LHN (SGX:41O) released its 1QFY25 voluntary business update with no financial details. As at 31 Dec 2024, LHN maintained healthy overall occupancy rate of over 95% for its industrial, commercial and Coliwoo co-living space (excluding JV properties and those under progressive handover).
1Q25 operationally on track, maintain BUY
- - Read this at SGinvestors.io -
- We keep our FY25-27E estimates intact and retain BUY with an unchanged LHN's target price of S$0.55, pegged at an undemanding 7x forward P/E.
Co-living business remains the key contributor
- - Read this at SGinvestors.io -
- Looking ahead, management expects the demand for both short-term and long-term rentals to remain strong in 2025 due to
- rising expatriate hiring and limited supply of new housing units and
- continued recovery in international visitor arrivals.
- To-date, LHN has also issued six options-to-purchase for its newly constructed LHN Food Chain food factory at 55 Tuas South Avenue 1.
Further expanding its Coliwoo portfolio
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Eric Ong Maybank Research | https://www.maybanktrade.com.sg/ 2025-03-06
Previous report by Maybank:
2024-12-02 LHN - Core Earnings A Beat; Make Yourself At Home.
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
