Market concerns over CacheLog master leases are also overdone, says RHB.
SINGAPORE (June 17): RHB Research is maintaining Cache Logistics Trust at “buy” with a higher target price of $0.83, representing 8% upside with 8% yield.
With tax transparency granted on the 51 Alps Avenue (51AA) settlement sum, CacheLog will pay a retained lump sum of $2.9 million in 2Q, which should boost DPU.
