Wednesday, 27 September 2017

SGX Market Research of KSH Holdings

KSH reported that the 10th Chinese National Youth Rock Climbing Championship has officially commenced at the Mountain Climbing Training Centre & Outdoor Sports Centre in Gaobeidian, Hebei Province, China, which is part of the consortium’s Sino-Singapore Health City development project.

Image result for KSH Holdings

The championship attracted more than 150 contestants from mainland China, Hong Kong, Macau and Taiwan, and the management team expects that the Sino-Singapore Health City will be a choice destination for national and world competitions which will attract tourists, sport broadcasters and outdoor sport lovers.

The Sino-Singapore Health City project is being developed by a Singapore consortium consisting of KSH Holdings Limited, Oxley Holdings Limited, Lian Beng Group Limited, Heeton Holdings Limited and Zap Piling Pte Ltd.

Our fair value estimate of S$0.86 is adjusted to S$0.69 to reflect the recent bonus share issuance of one bonus share for every four existing shares. Maintain HOLD.

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