SINGAPORE (Jan 29): Maybank is reiterating its “buy” call on Viva Industrial Trust (VIT) with a higher target price of $1.05 following the group’s strong 4Q results which were announced on Friday.

VIT’s 4Q17 DPU rose 5.5% to 1.857 cents from 1.760 cents in 4Q16.

Distributions declared also increased by 13.4% y-o-y to $18.1 million, despite an increase in the number of issued stapled securities.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook