CGS-CIMB upgrades ARA Logos to 'add', citing stronger focus on growth
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CGS-CIMB has upgraded its call on ARA Logos Logistics Trust (ALog) to "add", from "hold" previously, and raised its target price on the counter slightly to 71.3 Singapore cents, up from 71 Singapore cents.
This comes amid more earnings clarity and a shift in focus to growth, wrote CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee in a research note on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
