Elite Commercial REIT
Price target:
CGS-CIMB “add” GBP0.781

Maintain ‘add’ on first milestone acquisition
CGS-CIMB’s Lock Mun Yee and Darren Ong have maintained their “add” call on Elite Commercial REIT with a target price of GBP0.781 ($1.38) after its acquisition of over 50 additional commercial properties, up from its previous target price of GBP0.761.

The REIT earlier announced that it has entered into a conditional share purchase agreement with Elite Bushel Holding to acquire 58 commercial properties located across the UK.

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