SINGAPORE (June 14): CGS-CIMB Securities continues to rate RHT Health Trust a “hold”, but has lowered its target price on the group to 81 cents following its weak FY18 results, which was attributed to weakness of the INR to SGD.

In a Wednesday report, analyst Lock Mun Yee says, “Recent weakness of the Indian rupee against the Singapore dollar to have negative impact on the settlement value of proposed disposal of assets.”

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook