Positive upside seen for Viva Industrial Trust after crossing liquidation hurdle

SINGAPORE (May 23): RHB and OCBC Investment Research are reiterating their “buy” calls on Viva Industrial Trust (VIT) after the trust this morning announced that it had reached a settlement agreement with Jackson Private Limited (JIPL) and its director and shareholder, Tan Phong Guan.

While RHB’s target price on the trust remains unchanged at 85 cents, OCBC’s fair value estimate has been increased to 83 cents from 82.5 cents previously.