Stock Name: PLife REIT
Company Name: PARKWAYLIFE REIT
Phillip Securities Research in a Feb 29 research report says: "PLife REIT started the year with a bang. The trust strengthened its foothold in Japan with three nursing homes and in tandem penetrated into Malaysia private healthcare sector by acquiring a medical centre.
"We like the management approach when in comes to venturing into uncharted waters and would attempt to label this as "start small and finish big" approach which they have demonstrated by expanding their presence in Japan in the past four years.
"From unitholders' standpoint, the purchases are DPU accretive as no equity is raised. With latest acquisition, DPU is anticipated to elevate by 3.6% on average over the next five years and resulting to higher price target of $1.950. MAINTAIN ACCUMULATE."
Company Name: PARKWAYLIFE REIT
| Research House: Phillip Securities | Price Call: BUY | Target Price: 1.95 |
Phillip Securities Research in a Feb 29 research report says: "PLife REIT started the year with a bang. The trust strengthened its foothold in Japan with three nursing homes and in tandem penetrated into Malaysia private healthcare sector by acquiring a medical centre.
"We like the management approach when in comes to venturing into uncharted waters and would attempt to label this as "start small and finish big" approach which they have demonstrated by expanding their presence in Japan in the past four years.
"From unitholders' standpoint, the purchases are DPU accretive as no equity is raised. With latest acquisition, DPU is anticipated to elevate by 3.6% on average over the next five years and resulting to higher price target of $1.950. MAINTAIN ACCUMULATE."
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