EC World REIT is expecting a gradual resumption of normal operations across all its assets and increased demand for e-commerce logistics assets post-Covid-19. As such, RHB analyst Vijay Natarajan is maintaining “buy” on the REIT with an increased target price of 76 cents.

Barring one-off rebates and retention, 2H2020 should be stronger, says Natarajan. 2Q2020 distributable income rose 0.5% y-o-y, mainly due to the contribution from Fuzhou E-Commerce, which the REIT acquired in August 2019. 

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