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Brokers' take

Published Thu, Jan 18, 2018 · 09:50 PM

ESR-Reit | Buy Target price: S$0.63 Jan 18 close: S$0.58 DBS Group Research, Jan 18

We are optimistic that investors will over time appreciate the Reit's strategy to reconstitute its portfolio, which would enhance returns.

While fourth-quarter results for 2017 were weak, we believe that earnings have bottomed.

The trust manager has been acquired by a new sponsor, e-Shang Redwood, with an 80 per cent indirect interest.

Given the sponsor's large portfolio and …

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