CacheLog divestment of 40 Alps Avenue creates 'comfortable headroom' for future acquisitions
Michelle Zhu • • 3 min read
SINGAPORE (Jan 22): RHB and Phillip Capital have upgraded their calls on Cache Logistics Trust (CacheLog) to “buy” and “accumulate” from “neutral”, with higher target prices of 96 cents and 92 cents, respectively.
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SINGAPORE (Jan 22): RHB and Phillip Capital have upgraded their calls on Cache Logistics Trust (CacheLog) to “buy” and “accumulate” from “neutral”, with higher target prices of 96 cents and 92 cents, respectively.
This comes after the trust’s manager last Thursday declared a distribution per unit (DPU) of 1.597 cents for the 4Q17 ended Dec, while also announcing in a separate filing its intention to divest Hi-Speed Logistics Centre at 40 Alps Avenue for $73.8 million.
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