Brokers' take
CWT Ltd | Hold Target price: S$1.95 April 5 close: S$2.06 OCBC Investment Research, April 5
It has been more than 1.5 years since CWT announced that the shareholders of C&P Holdings are considering a strategic review of business and assets. C&P subsequently entered into exclusive negotiations with HNA Group on May 16, 2016, which may or may not lead to any transaction.
On March 21 this year, HNA Group announced that it is planning to buy at least a 35 per cent stake in an Asia-focused Reit that will list in Singapore and will also take a 75 per cent stake in the Reit's management company formed with Singapore-based AEP Investment Management. The latter owns commercial and industrial real estate properties. If this new Reit has the mandate to acquire industrial properties, there is the possibility for HNA to unlock poten…
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