With that, DBS Group Research lead analyst Dale Lai is keeping his “buy” call on ESR-REIT with a target price of 43 cents, while upgrading his recommendation on Sabana REIT to “buy” with a 40 cents target price.
SINGAPORE (July 17): ESR REIT and Sabana REIT yesterday announced that a proposed merger, by way of a trust scheme arrangement, where ESR-REIT will acquire all of Sabana REIT’s units in exchange for new ESR REIT units.
