Singapore Stock Market News
IREIT Global - Maiden acquisition, rights issue
StockFanatic
Publish date: Tue, 14 Jul 2015, 01:57 PM
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We trim our DPU forecasts by 0-2% and adjust our ex-rights PT down by 10% to S$0.76. Maintain EW. The dividend yield has improved but it trades at 1.3x FY16E P/B. We expect further EUR/SGD depreciation and flat organic growth.
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