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An update from GuocoLand Limited ( (SG:F17) ) is now available.
GuocoLand Limited has announced an update regarding the pricing of its S$120,000,000 4.35% Subordinated Perpetual Securities, which will be consolidated with an existing series under its S$3,000,000,000 Multicurrency Medium Term Note Programme. The company clarified details about the distribution payments and redemption conditions for these securities, which are guaranteed by the company and have cumulative unpaid distributions. This move is likely to impact the company’s financial strategy by enhancing its capital structure and providing flexibility in managing its debt obligations.
The most recent analyst rating on (SG:F17) stock is a Buy with a S$2.30 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 Limited is a prominent player in the real estate industry, focusing on property development, investment, and management. The company is known for its residential, hospitality, commercial, and integrated developments across Asia, with a significant market presence in Singapore, China, and Malaysia.
Average Trading Volume: 66,680
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.7B
Find detailed analytics on F17 stock on TipRanks’ Stock Analysis page.