SINGAPORE (June 30): CGS-CIMB Securities is initiating coverage on Elite Commercial REIT (ECR) with an “add” or “buy” call of £0.761 ($1.30).

This is believed to give the stock a 12.7% upside from its £0.675 closing, analysts Lock Mun Yee and Darren Ong say in a June 26 note.

“ECR offers investors stability and growth, backed by a long lease profile and inflation-linked lease structure,” the duo observe. 

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