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PhillipCapital sees positives in BHG Retail REIT in unrated report

Felicia Tan
Felicia Tan2/10/2021 04:37 PM GMT+08  • 2 min read
PhillipCapital sees positives in BHG Retail REIT in unrated report
As at 4.32pm, units in BHG REIT are trading 0.5 cent higher or 0.9% up at 58.5 cents.
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PhillipCapital has initiated coverage on BHG Retail REIT in an unrated report dated Feb 8.

The report also had no financial forecasts or target price estimates.

The REIT, which was listed on the Singapore Exchange (SGX) on Dec 11, 2015, has six retail properties located in the Chinese cities of Beijing, Chengdu, Hefei, Xining and Dalian. The six malls are valued at RMB3.71 billion ($761 million) and span 178,538 sqm of net lettable area (NLA).

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