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.

In comparison, the benchmark Straits Times Index’s total returns came in at 5.8 per cent in the same period.

Lim & Tan Securities analyst Chan En Jie sees the two upcoming healthcare…