Stock Name: Accordia Golf Tr
Company Name: ACCORDIA GOLF TRUST
Company Name: ACCORDIA GOLF TRUST
| Research House: Daiwa | Price Call: BUY | Target Price: 1.06 |
Daiwa Capital Markets has initiated coverage on Accordia Golf Trust (AGT) with a "buy" rating and price target of $1.06.
AGT offers annualised recurrent dividend yields of 7.4% for FY2015, 8.0% for FY2016 and 9.1% for FY2017, based on its distribution per unit forecasts, David analyst David Lum said in a note.
"These yields are significantly higher than those of JREITs, exceed the yields of nearly all S-REITs under our coverage, and are above the average yield for Singapore-listed business trusts," Lum said.
No comments:
Post a Comment