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RHB recommends ARA LOGOS' unitholders 'take profit' after sweetened merger offer

Felicia Tan
Felicia Tan1/26/2022 3:22 PM GMT+08  • 4 min read
RHB recommends ARA LOGOS' unitholders 'take profit' after sweetened merger offer
The brokerage has also kept ‘buy’ on ESR-REIT after the revised offer.
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RHB Group Research analyst Vijay Natarajan has recommended unitholders of ARA LOGOS Logistics Trust (ALOG) “take profit” with an unchanged target price of 95 cents representing a yield of 6%.

Natarajan’s report on Jan 24 comes after both REIT managers jointly announced that ESR-REIT will pay a higher scheme consideration of 9.7 cents in cash for each ALOG unit on Jan 22.

The rest will be paid in 1.7729 new ESR-REIT units at an issue price of 49.24 cents per unit.

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