Home Capital Broker's Calls

Cache Logistics Trust to gain from ARA buyout, but near-term DPU growth remains limited: CGS-CIMB

Michelle Zhu
Michelle Zhu6/26/2018 11:03 AM GMT+08  • 2 min read
Cache Logistics Trust to gain from ARA buyout, but near-term DPU growth remains limited: CGS-CIMB
SINGAPORE (June 26): CGS-CIMB Securities is maintaining its “hold” call on Cache Logistics Trust (CLT) with an unchanged target price of 80 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 26): CGS-CIMB Securities is maintaining its “hold” call on Cache Logistics Trust (CLT) with an unchanged target price of 80 cents.

The moves comes on expectations of limited near-term DPU growth despite news of ARA Asset Management’s agreement with CLT’s trust manager, ARA-CWT Trust Management, for the former to gain full ownership of the trust and property managers.

In a Monday report, analyst Lock Mun Yee says she views the consolidation of ownership and decision-making as a positive development for CLT, which would allow the trust to ultimately benefit from a greater alignment of interest and lower renewal risks.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now