Coliwoo Holdings Likely Building on Core Strength — Market Talk

About this update from Coliwoo Holdings Ltd.

Coliwoo Holdings is likely building on its core strength, RHB Research's Vijay Natarajan says in a research report. Demand at the co-living space provider is resilient with healthy occupancy ramp-up at newly opened assets while its capital recycling is set to continue with monetization of mature assets and capital deployed into newer opportunities, the analyst says. The company is also on active lookout for larger value-add opportunities to reap economies of scale. RHB Research likes Coliwoo Holdings for its niche leading co-living positioning, although its refurbishment costs have risen by around 10%. RHB Research has a buy rating and a target price of 0.82 Singapore dollar on the shares, which are unchanged at 0.50 Singapore dollar. ([email protected])

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