KGI maintains 'outperform' call after CAD interviews EC World Reit manager's CIO
Analyst Amirah Yusoff does not believe investigation into Li Jinbo has any relation to the Reit or its manager
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Singapore
KGI Securities on Friday maintained its "outperform" call on EC World Real Estate Investment Trust (EC World Reit), despite news that the chief investment officer (CIO) of its manager had been called up for an interview by the Commercial Affairs Department (CAD).
The Reit's manager had said in a bourse filing on Thursday that CIO Li Jinbo was interviewed in connection with an investigation into an offence under the Securities and Futures Act.
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