Croesus Retail Trust kept at ‘buy’ by RHB with 93 cents target

SINGAPORE (June 13): RHB is reiterating its “buy” call on Croesus Retail Trust (CRT) with an unchanged target price of 93 cents.

The research house reveals in a Monday report that Croesus Retail Asset Management has announced its intent to seek approval of CRT’s unitholders to internalise the trustee-manager, including Croesus Retail Asset Management Co., its wholly-owned subsidiary.

Croesus Retail Asset Management is a wholly owned subsidiary of Evertrust Asset Management, which is owned by Croesus and its strategic partners Daiwa House and Marubeni.

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