SINGAPORE (March 2): Despite the outbreak of the novel coronavirus in China, KGI Securities continues to rate EC World REIT as “outperform”, albeit with a lower target price of 82 cents from 84 cents, previously.

The brokerage says it is “confident” that most of the REIT’s e-commerce assets in China will “perform as expected”.

The full-year contribution of Fuzhou E-Commerce is also expected to offset any potential decreases in revenue from its other assets, it adds.

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