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16-02-2022, 05:17 PM
Brokers' take: UOBKH and CGS-CIMB positive on Lendlease Reit's acquisition of Jem
UOB Kay Hian (UOBKH) and CGS-CIMB are positive on Lendlease Global Commercial Reit's (LReit) acquisition of the remaining interest in Jem mall it did not yet own.
This comes after the real estate investment trust (Reit) proposed to acquire the remaining 68.2 per cent stake in the prime Jurong property for a value of S$2.08 billion on Feb 15.
In a research report on Wednesday (Feb 16), UOBKH maintained its "buy" call on the Reit and increased its target price to S$1.08 from S$1.03. This comes after the research house raised terminal growth expectations for LReit by 0.2 per cent to 1.2 per cent, from 1 per cent previously.
https://www.businesstimes.com.sg/compani...ion-of-jem
UOB Kay Hian (UOBKH) and CGS-CIMB are positive on Lendlease Global Commercial Reit's (LReit) acquisition of the remaining interest in Jem mall it did not yet own.
This comes after the real estate investment trust (Reit) proposed to acquire the remaining 68.2 per cent stake in the prime Jurong property for a value of S$2.08 billion on Feb 15.
In a research report on Wednesday (Feb 16), UOBKH maintained its "buy" call on the Reit and increased its target price to S$1.08 from S$1.03. This comes after the research house raised terminal growth expectations for LReit by 0.2 per cent to 1.2 per cent, from 1 per cent previously.
https://www.businesstimes.com.sg/compani...ion-of-jem
