SINGAPORE (June 19): CGS-CIMB Research is maintaining its forecasts on ESR-REIT “pending greater clarity” on details of an equity fund raising to raise up to $150 million.
The brokerage is keeping its “add” recommendation on ESR-REIT with an unchanged target price of 60 cents.
The manager of ESR-REIT earlier this week announced the proposed equity fund raising exercise.
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