LHN - Phillip Securities 2025-12-08: Steeper Growth Ahead

• LHN (SGX:41O)'s 2H25 earnings were above expectations. FY25 revenue/PATMI were 100%/109% of our forecasts. Growth was driven by a jump in co-living earnings. LHN announced final and special dividends totalling 3 cents (FY24: 2 cents).
• - Read this at SGinvestors.io -
• With the listing of Coliwoo (SGX:W8W), our valuation of LHN (SGX:41O) is now on a sum-of-parts basis (previously 13 P/E ratio). Our LHN's target price is lowered from S$1.13 to S$0.85.

The Positive

Growth in co-living.

• - Read this at SGinvestors.io -

The Negative

Slower sales of food factory units.

• Read more at SGinvestors.io.

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/.

Previous report by Phillip:
2025-09-11 LHN - Re-rating The Hospitality Franchise.

Price targets by 2 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