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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.”
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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.

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