At that point, Guocoland is trading at about 40% off their NAV, which I feel that Guocoland is trading a very big discount and given a very attractive valuation. Recently, they have a run up to 2.28, which is about a 20% increase and currently at their 52week high. With the opening of TPC, it will be a big recurring income for them as well as giving them a higher RNAV.
Guocoland has released their Full Year results recently and has declared a 7 cents dividend for FY2017. This is an increase from their usual dividends of 5 cents. The group's revenue has increased 5% to $1.1 billion driven by higher residential sales and progressive revenue from residential projects in Singapore. Dividends will be paid on 21 November 2017 and XD on 31 October 2017.
Residential
