Friday, March 25, 2011

Starhill Global Reit rated 'buy' by OCBC

Stock Name: Starhill Gbl
Company Name: STARHILL GLOBAL REIT
Research House: OCBC

OCBC Investment Research in a Mar 24 research report says: "Starhill Global REIT announced its plan to embark on asset redevelopment of Wisma Atria to boost the mall's positioning along Singapore's Orchard Road. The cost of the asset redevelopment works will be funded from the proceeds of the rights issue completed in 2009 and/or working capital.

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