Singapore Stock Market News

Religare Health Trust - Proposed Mohali acquisition

StockFanatic
Publish date: Tue, 04 Feb 2014, 08:43 AM
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RHT announced its proposed acquisition of The Mohali Clinical Establishment (Mohali) and interested person transaction to be entered into with Fortis Healthcare. We expect the acquisition to be yield accretive and come through in FY15. While we view the acquisition positively, we expect the higher funding cost to limit its positive impact. Our DDM-based target price increases by 1% and FY15 DPU by 1.3% as we factor in the potential acquisition. We maintain our Add rating.
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