Analysts from CGS-CIMB and DBS Group Research have given ESR-REIT “buy” recommendations on the REIT’s “improving prospects” following its 3QFY2020 results.

Daiwa analyst David Lum has, however, given the REIT a “hold” rating with a target price of 42 cents.

In his report, Lum says a highly distribution per unit (DPU)-accretive investment with some equity fundraising would help the REIT’s unit price, while a prolonged pandemic that requires distributing further rental assistance to tenants may be a downside risk to the counter.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook