Soilbuild Business Space REIT kept at 'buy' by Philip Capital with 99.5 cents target price

Stock Name: SoilbuildBizReit
Company Name: SOILBUILD BUSINESS SPACE REIT

Research House: Phillip Securities

Price Call: BUY

Target Price: 0.995

SINGAPORE (Mar 16): Philip Capital is maintaining its "Buy" call for Soilbuild Business Space REIT (SBREIT) with a higher target price of $0.995.

This comes after SBREIT's recent announcement of its proposed acquisition of an integrated facility at 72 Loyang Way for $98.12 million, which significantly expands SBREIT's existing 3.61 million GFA by 5.6%.