In a Tuesday report, analyst Yeo Zhi Bin says he expects a slightly weaker 4Q ahead due to the trust’s divestments in the same period; lower occupancy at 3 Pioneer Sector 3; as well as the income void at 21B Senoko Loop following the pre-termination of Tellus Marine which took place in 2Q17.
SINGAPORE (Oct 19): CIMB Research is maintaining its “hold” call on ESR-REIT while raising its target price estimate of 57 cents from 56 cents previously on the belief that the REIT’s financial performance is bottoming out, as seen by its latest 3Q results.
