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Home / Capital / Brokers Calls

Accretive acquisitions may boost Parkway Life REIT’s share price: CGS-CIMB

Broker's Calls

Accretive acquisitions may boost Parkway Life REIT’s share price: CGS-CIMB

Felicia Tan Published on Wed, Jul 28, 2021 / 5:26 PM GMT+8

As Parkway Life REIT registered another quarter of growth in the 2QFY2021 ended June, CGS-CIMB Research analysts Lock Mun Yee and Eing Kar Mei have kept “add” on the REIT with an unchanged target price of $5.05.

See: Parkway Life REIT posts 0.7% higher 2Q21 DPU of 3.38 cents; 4% higher 1H21 DPU of 6.95 cents

The REIT’s 1HFY2021 distribution per unit (DPU) of 6.95 cents stood within their expectations at 49.2% of their FY2021 forecast, they write in a July 27 report.