In a Monday report, analyst Lock Mun Yee says she views the consolidation of ownership and decision-making as a positive development for CLT, which would allow the trust to ultimately benefit from a greater alignment of interest and lower renewal risks.
SINGAPORE (June 26): CGS-CIMB Securities is maintaining its “hold” call on Cache Logistics Trust (CLT) with an unchanged target price of 80 cents.
The moves comes on expectations of limited near-term DPU growth despite news of ARA Asset Management’s agreement with CLT’s trust manager, ARA-CWT Trust Management, for the former to gain full ownership of the trust and property managers.
