Sing Land: Nomura maintains Buy Call, raising TP to $9.58 from $8.34 after rolling over valuation to FY11, raising NAV estimate to reflect higher capital values for some of property group''s Singapore office assets….
Note that strong pre-commitment demand and delays in occupation of the new generation of office supply has resulted in a ''short squeeze'' in space availability, a phenomenon which grp think is likely to continue in the next six to nine months and underpin rents.
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