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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