Brokers' take
SOILBUILD BUSINESS SPACE REIT | BUY March 29 close: S$0.65 Fair value: S$0.70 OCBC Investment Research, March 29
Based on assumptions we made of the probability of default and repossession, we projected Soilbuild Reit would effectively lose around six months' worth of rent for the NK Ingredients asset in FY2018. We have now updated our probability-based assumptions and expect only around one month of lost income.
With the greater certainty we now have on the NK Ingredients issue and the divestment of KTL Offshore last month, we are more confident of Soilbuild …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Apac Realty enters the Philippines with franchise agreement