- We initiate coverage on Thakral (SGX:AWI) with a BUY recommendation and a target price of S$2.04, based on an 8.4x FY25e P/E. Our valuation applies a 50% conglomerate discount to the 16.8x average P/E of listed Australian land lease community operators.
- - Read this at SGinvestors.io -
About Thakral Corp
- Thakral Corporation (SGX:AWI) is listed on the SGX Mainboard since December 1995. The Group’s core business comprises a growing investment portfolio in Australia, Japan, and Singapore. Investments in Australia include developing and managing over-50s lifestyle resorts under the GemLife brand. The Japanese investment portfolio consists of landmark commercial buildings in Osaka.
- - Read this at SGinvestors.io -
- Thakral also invests strategically in new economy ventures that complement its existing business relationships and networks, including acting as a cornerstone investor or participating in early funding.
Key Investment Merits
Accelerating growth in the Lifestyle business.
- Read more at SGinvestors.io.
