“ECR offers investors stability and growth, backed by a long lease profile and inflation-linked lease structure,” the duo observe.
SINGAPORE (June 30): CGS-CIMB Securities is initiating coverage on Elite Commercial REIT (ECR) with an “add” or “buy” call of £0.761 ($1.30).
This is believed to give the stock a 12.7% upside from its £0.675 closing, analysts Lock Mun Yee and Darren Ong say in a June 26 note.
