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Home / Capital / Brokers Calls

Liquidation of Newstead to have minimal impact on REITs

Broker's Calls

Liquidation of Newstead to have minimal impact on REITs

Samantha Chiew Published on Wed, Oct 10, 2018 / 11:07 AM GMT+8

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SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation.

The retailer that also operated DigitalStyle, Nubox and @ notebook.com has stores located in Nex, Sim Lim Square, Suntec City, Marina Square, Bedok Mall, City Square Mall, Raffles City, Causeway Point, Jem, Tampines Mall, Waterway Point and Jurong Point.

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