Thursday, October 30, 2014

Accordia Golf Trust started at "buy", $1.06 target by Daiwa

Stock Name: Accordia Golf Tr
Company Name: ACCORDIA GOLF TRUST
Research House: DaiwaPrice Call: BUYTarget 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