Home Capital Broker's Calls

ESR-REIT's merger with Viva Industrial: Hit or miss?

Samantha Chiew
Samantha Chiew6/4/2018 10:31 AM GMT+08  • 3 min read
ESR-REIT's merger with Viva Industrial: Hit or miss?
SINGAPORE (June 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 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 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 cents.

This came on the back of the REIT proposing the first merger in Singapore REIT (S-REIT) history with Viva Industrial Trust (VIT), by way of a trust scheme arrangement.

The scheme consideration payable to VIT unitholders is 96 cents per unit, implying 1.26 times book value.

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