SINGAPORE (Oct 6): RHB Bank is reiterating its “buy” call on property group Ho Bee Land with a price target of $2.68, and continues to like the stock for its management’s execution track record which it believes is the best among its reak estate peers.

(See: Sentiment on office REITs turning for the better, oversupply concerns fading)

In a Thursday note, analyst Goh Han Peng notes that Ho Bee’s Singapore office property in Buona Vista, The Metropolis, has generated gains of more than $800 million for the group since it was completed in 2013.

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