Thursday, March 8, 2012

K-REIT Asia - Meeting a lowered bar

Stock Name: K-REIT
Company Name: K-REIT ASIA
Research House: CIMBPrice Call: HOLDTarget Price: 0.93



Target S$0.93

Hit by fears of an office slowdown and some dissent over its OFC acquisition, K-REIT had underperformed STI by 22% in the past year. With multiple negatives priced in and increased confidence after our meetings, we see room for it to meet or surpass expectations.

Source: CIMB Day Break 08 March 2012, Full PDF Report

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