LHN expands co-living portfolio with healthcare lodging win, bolstered by high occupancy
MAINBOARD-LISTED LHN : 41O 0%’s co-living business segment Coliwoo will continue to grow, backed by an increase in keys and resilient rental rates, analysts have said.
In particular, the company could get a boost from the award of two contracts to operate hostel-type facilities for foreign healthcare workers, which will house at least 700 such professionals.
This could further catalyse the company’s stock, which generated total returns of nearly 27 per cent in the past year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil up after US economic data strengthens rate cut expectations
Europe: Shares snap nine-day winning streak as Siemens weighs
US: Stocks dip after Dow tops 40,000 for first time
Top HSBC shareholder Ping An exploring ways to cut US$13 billion stake
Gazelle Ventures’ cash offer for No Signboard closes with 0.5022% valid acceptances
Dow briefly sprints past 40,000-mark on earnings boost, rate-cut bets