Ho Bee Land Limited - Phillip Securities 2016-03-14: Attractive Valuation

HO BEE LAND LIMITED H13.SI 

Ho Bee Land Limited - Attractive Valuation 

• One of the most heavily discounted (Price/Book) locally-listed property developer. 
• Ho Bee has gradually built up a strong portfolio with stable recurring income from offices in Singapore and London (Rental income made up 100% of income in FY14 and FY15). 
• The Metropolis, the largest property in the portfolio by GAV, is 100% occupied with little lease expiries over next 2 years. 

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