Coliwoo Holdings, a leading player in Singapore’s co-living sector, has received strong endorsements from three major analyst reports, highlighting its growth potential and market leadership. Maybank, CGS International, and RHB have all initiated coverage on Coliwoo, each offering positive outlooks on the company’s strategic direction and financial prospects.
Maybank has issued a BUY recommendation with a 12-month target price of S$0.74, praising Coliwoo’s robust branding and strategic site selection. The company currently operates approximately 2,933 rooms across 25 locations, maintaining a 96.1% occupancy rate in FY25. Maybank also notes Coliwoo’s plans to expand to nearly 4,000 rooms by the end of 2026, emphasising its asset-light strategy and capital recycling efforts.
CGS International has given an Add rating with the same target price, citing Coliwoo’s strong earnings visibility and efficient growth model. The report forecasts a 24% compound annual growth rate (CAGR) in core profit after tax and minority interest (PATMI) through FY28, driven by new keys and high occupancy levels. CGSI highlights Coliwoo’s valuation discount compared to global peers as a potential catalyst for re-rating.
RHB, offering the highest target price of S$0.82, labels Coliwoo as the “Co-Living King” with a 20% market share. The report predicts a 30% net profit CAGR from FY25 to FY28, supported by organic growth and strategic acquisitions. RHB underscores the structural demand from expatriates, international students, and hybrid work trends, positioning co-living as a resilient segment in Singapore’s rental market.
These endorsements underscore Coliwoo’s strategic positioning and potential for sustained growth in the expanding co-living sector.
