0727 GMT - LHN's space optimization business remains a key revenue driver, supported by healthy occupancies across most of its assets. Maybank Research's Eric Ong says in a research report. As at end-December 2025, its Coliwoo portfolio comprised 3,200 rooms with additional 267 rooms secured via management contract to operate accommodation for a transport operator as well as a new joint-venture property acquisition, the analyst says. Management seeks to aggressively expand its Coliwoo portfolio to 4,000 rooms by end-2026, while enhancing performance of its existing 85 'SOHO' residential portfolio overseas. Maybank Research raises the stock's target price to S$0.70 from S$0.55 based on estimated 11X FY 2026 P/E, with an unchanged buy rating. Shares are 5.0% lower at S$0.565. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 03:27 ET (07:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments