The analysts note the ongoing proposed divestment of two of EC World REIT’s assets of about $432.8 million and see this as a “positive” for the REIT.
DBS Group Research analysts Dale Lai and Derek Tan think there is a “unique opportunity” to accumulate shares of EC World REIT, given that its share price has fallen about 45% ytd due to perceived refinancing issues.
Nonetheless, they have maintained their “buy” call on EC World REIT, but have trimmed their target price from 70 cents to 55 cents.
