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Brokers' take

Wednesday, October 12, 2016 - 05:50
RAINTREE12.jpg
The Raintree Gardens at Potong Pasir. Right off the bat from its £229.6 million (S$388 million) acquisition of 120 Holborn in London UK, UOL announced that it has, through a joint venture with United Industrial Corporation Ltd (UIC), acquired the Raintree Gardens residential development at Potong Pasir Ave 1 for S$334.2 million through an en-bloc tender.

Manulife US Reit | Buy

Oct 11 close: US$0.835

Target price: US$0.93

DBS Group Research, Oct 10

Play on exposure to the US property market which is in the early stages of recovery.

We maintain our "buy

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