Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from GuocoLand Limited ( (SG:F17) ).
GuocoLand (Malaysia) Berhad, a listed Malaysian property developer under the GuocoLand group, focuses on real estate development and investment activities and provides investors with property-sector exposure on Bursa Malaysia.
The company has moved forward with its proposed privatisation via a selective capital reduction and repayment exercise under Section 116 of the Companies Act 2016, appointing Maybank Investment Bank as principal adviser. The board, excluding interested directors Cheng Hsing Yao and Quek Kon Sean, has also named Kenanga Investment Bank as independent adviser to guide non-interested directors and disinterested shareholders, marking a key step in executing the privatisation plan and shaping future ownership and governance.
The most recent analyst rating on (SG:F17) stock is a Buy with a S$3.30 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.
More about GuocoLand Limited
GuocoLand (Malaysia) Berhad is a Malaysian property developer focused on real estate development and investment, operating as part of the broader GuocoLand group. The company is listed on Bursa Malaysia under the stock name GUOCO and serves shareholders in the Malaysian capital market with exposure to the property sector.
YTD Price Performance: 33.33%
Average Trading Volume: 478,398
Technical Sentiment Signal: Buy
Current Market Cap: S$3.11B
See more data about F17 stock on TipRanks’ Stock Analysis page.