On Nov 20, EC World REIT announced that it may face a potential delay in its divestments, causing DBS Group Research to downgrade its recommendation to “fully valued”.
RHB Group Research has suspended its coverage on EC World REIT on Dec 12. This comes on the back of the ongoing uncertainties surrounding loan refinancing, divestment completion and difficulty in ascertaining its sponsor's financial health, says analyst Vijay Natarajan.
The brokerage’s last published recommendation on the counter was “neutral” with a target price of 55 cents.
