“We also postulate that HNA could inject its assets into Cache platform,” says lead analyst Yeo Zhi Bin in a Monday report.
SINGAPORE (April 11): CIMB is sticking to its “reduce” call on Cache Logistics Trust with 71 cents target price as it stays cautious on the logistics sector due to strong completions in 2017.
Despite the impending takeover of CWT, CIMB expects it to be business as usual for Cache unless there is a major restructuring at CWT level. But now that there is greater clarity over CWT and ROFR (Rights of First Refusal) pipeline intact, CIMB expects asset injections to accelerate.
