Home Capital Broker's Calls

Morgan Stanley's offer 'opportunistic', 'significantly undervalues' APAC Realty: analysts

Jovi Ho
Jovi Ho4/26/2022 09:50 AM GMT+08  • 4 min read
Morgan Stanley's offer 'opportunistic', 'significantly undervalues' APAC Realty: analysts
“We believe the offer price is low and significantly undervalues APAC Realty’s long-term potential.”
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.

Analysts are divided on Morgan Stanley Private Equity Asia (MSPEA) acquiring 59.8% of Singapore Exchange-listed APAC Realty for $129.5 million, or 61 cents per share, a surprise move announced on April 25.

Shares in APAC Realty closed at 80.5 cents on April 25. Trading of the stock remains halted.

DBS Group Research analyst Ling Lee Keng is maintaining “hold” on APAC Realty, the publicly-listed company that holds regional master franchise rights to realtor ERA. In an April 26 note, Ling is trimming APAC Realty’s target price to 67 cents from 88 cents previously.

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