Stock Name: PLife REIT
Company Name: PARKWAYLIFE REIT
Research House: Kim Eng
Company Name: PARKWAYLIFE REIT
Research House: Kim Eng
Kim Eng Securities lifts Parkway Life REIT (C2PU.SG) target price to $1.94 from $1.64 after rolling over estimates to FY11 valuations, says Dow Jones.
Keeps Buy call. Notes healthcare REIT stepping up efforts on its asset enhancement initiatives, eyeing acquisitions in Australia, Malaysia. Says long waiting list for PLife’s nursing homes in Japan is clear evidence of robust underlying demand; “this renders PLife the benefit of a stable rental income.”
Keeps Buy call. Notes healthcare REIT stepping up efforts on its asset enhancement initiatives, eyeing acquisitions in Australia, Malaysia. Says long waiting list for PLife’s nursing homes in Japan is clear evidence of robust underlying demand; “this renders PLife the benefit of a stable rental income.”
Expects PLife to pursue another $200 million worth of acquisitions over next 2 years. REIT flat at $1.64.
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