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Hongkong Land target price raised to US$6.03 by StanChart

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Standard Chartered Bank raises Hongkong Land (H78.SG) target price to US$6.03 ($8.47) from US$5.61, based on 15% discount to increased NAV estimate of US$7.10/share, to reflect better prime office rents in HK in Singapore, according to Dow Jones.

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