The valuation report for Guoco Group has been released yesterday.
We have extracted the valuation reports for the assets of GuocoLeisure,
Based on the valuation report, the fair value of Guocoleisure’s UK hotel assets and Molakai development properties as at 31 Jan 2013 is S$1.9b, which is S$300m (13%) below our SOTP valuation.
We are currently reviewing our recommendation and target price.
