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)
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