EC World REIT's Share Slide Offers Buy Opportunity -- Market Talk

Dow Jones2022-07-12

0726 GMT - EC World REIT's nearly 40% drop in the year to date looks like a good opportunity to DBS analysts Dale Lai and Derek Tan. The slide in the REIT's share price, spurred by perceived refinancing issues amid concerns in China's property sector, seems overdone, the analysts say in a note. They reckon that Singapore-listed EC World's earnings can get support from contributions by its multi-tenanted assets, which cater to the rapidly growing logistics industry in China. DBS maintains a buy rating and a S$0.70 target price on the units, which are 7.3% higher at S$0.52. (justina.lee@wsj.com)

 

$(END)$ Dow Jones Newswires

July 12, 2022 03:27 ET (07:27 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

  • Deshost
    2022-09-16
    Deshost
    Sometimes I cannot understand the emotional sentiments that investors can fall into despite the facts that logistics industry is lucrative in current environment and near future expectations. Just hope that I can prevail in such situations with noises overcoming actual facts. Just my comments 
发表看法
1