Tuesday, May 26, 2015

Sabana REIT upgraded to 'buy' by UOB KayHian with lower target price of 95 cents

Stock Name: Sabana Reit
Company Name: SABANA SHARI'AH COMPLIANT REIT
Research House: UOB KayHianPrice Call: BUYTarget Price: 0.95



SINGAPORE (May 26): Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) will still generate a "healthy" 7% yield even in the worst case scenario of occupancy for the expiring master leases dropping to 50%, according to UOB KayHian.

The research house believes the market has overreacted to Sabana REIT's efforts to renew its expiring 11 master leases, which has eaten into its share price.

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