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Brokers' take

Published Tue, Apr 28, 2015 · 09:50 PM

First Real Estate Investment Trust | Accumulate

April 28 close: S$1.44

Target price: S$1.55

Phillip Securities Research, April 28

FIRST Reit's sponsor PT Lippo Karawaci Tbk (LPKR), is aggressively ramping up its network of private hospitals across Indonesia at a time when healthcare insurance is expected to be rolled out to every citizen by 2019. Healthcare demand is expected to surge during this period. A successful execution of this expansion plan will ensure a sustained pipeline of hospital properties for First Rei…

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