EC World offers investors strong growth visibility with limited downside risk, given that only a small percentage of leases are due for renewal till FY20.
SINGAPORE (May 16): Religare is maintaining its “buy” call on EC World REIT with an unchanged target price of 92 cents given it has a solid portfolio that offers room to grow both organically and inorganically.
“With an FY17E/FY18E yield of 7.3%/7.8%, EC World also offers deep value to investors,” says analyst Pang Ti Wee in a Tuesday report.
