Maybank ups target price on LHN following strong FY2024 results
Maybank Research is keeping its “buy” call on co-living operator LHN with an increased target price of 55 cents from 43 cents previously.
Stable operations at Coliwoo, Maybank maintains ‘buy’ on LHN
Maybank Securities analysts Li Jialin and Eric Ong are keeping “buy” on LHN Group with a target price of 43 cents following the release of its 3QFY2024 ended June business update.
PhillipCapital positive on LHN as co-living profits tripled, more growth expected
PhillipCapital is upbeat on local co-living operator LHN, as the research house has kept its “buy” call, while raising target price to 42 cents from 39 cents previously.
LHN wins two new projects; Maybank keeps ‘buy’ for now
Li Jialin and Eric Ong of Maybank Securities have kept their “buy” call and 45 cents target price for LHN after the co-living operator announced it is adding two new developments to its portfolio.
LHN announces JV with Oxley’s Ching
LHN annonuced the setting up of a joint-venture (JV company) with the JV Partner Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings, and his son Shawn Ching, to acquire a property at 50 Armenian Street, Wilmer Place, for $26.5 million excluding GST.
Analysts like LHN for its growth drivers ahead
LHN Limited recently announced its 1QFY2024 ended December 2024 update, which saw a portfolio occupancy of over 90% for its assets (industrial, commercial and co-living). The two major projects, 55 Tuas South and GSM Building, are also proceeding as scheduled.
LHN rides uptrend in aggressive growth phase
LHN has undergone several phases of change as the company adapted its focus by diversifying into several businesses to stay relevant.
LHN launches Coliwoo Hotel Pasir Panjang
LHN Limited co-living subsidiary brand Coliwoo has launched Coliwoo Hotel Pasir Panjang, the newest addition to its portfolio of 15 properties islandwide.
LHN to buy 99 Rangoon Road for $14.5 million
Co-living space operator LHN plans to spend $14.5 million to buy 99 Rangoon Road, and convert the property into a student hostel, extending its spate of acquisitions.
LHN confident about outlook as it rides co-living boom
LHN first entered the co-living space when it developed a co-living property jointly with Hmlet in Cantonment, which was launched in November 2019. LHN has further expanded since then, acquiring properties all around Singapore, refurbishing them and turning them into its Coliwoo brand of co-living spaces.