Buy, Sell, Hold – what the brokers say

Founder of FNArena
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In the good books

STOCKLAND (SGP) Upgrade to Buy from Neutral by Citi B/H/S: 2/3/1

Citi suggests Stockland is benefitting from a favourable residential mix shift which is enabling earnings to grow while land sales moderate. The broker believes retail net operating income growth could exceed current expectations.

Valuation looks attractive on a 5.5% yield and modest PE, Citi suggests. Upgrade to Buy. Target rises to $5.08 from $4.91.

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