EC World REIT (ECW)

Broker's Calls

RHB stays 'neutral' on EC World REIT as proposed divestments appear positive

The REIT has signed a non-binding memorandum of understanding (MoU) for the sale of BL1 and CPL to to Forchn Holdings.

REITs

EC World REIT to divest indirect interests in Bei Gang Logistics and Chongxian Port Logistics for $276.0 mil

The divestment is expected to unlock value and reduce the REIT’s gearing.

Broker's Calls

Unique opportunity to accumulate on EC World REIT: DBS

A close to 40% ytd slide in share price owing to perceived refinancing issues has sprung up a unique opportunity, say the analysts
EC World REIT successfully extends maturity date of outstanding facilities  - THE EDGE SINGAPORE

REITs

EC World REIT successfully extends maturity date of outstanding facilities, manager reiterates

For the repayment of at least 25% of the facilities by December 31, 2022, the manager is exploring various fund-raising options.

REITs

EC World REIT enters into non-binding MOU for potential sale of logistics properties in China to related third party

The MOU is said to be for the purposes of facilitating negotiations between the parties only.

Results

EC World REIT reports 9.7% lower DPU of 1.383 cents in 1QFY2022

During the quarter, the REIT’s revenue rose 4.4% y-o-y to $32.2 million, which is mainly due to the stronger RMB.

Right Timing

Dasin Retail Trust, EC World REIT face chart pattern weakness ahead of refinancing efforts

The chart patterns of Dasin Retail Trust and EC World REIT appear weak as they focus on refinancing most of their loans.

REITs

EC World REIT's Hangzhou property receives notice of compulsory expropriation

As at Dec 31, 2020, the property was valued at $24.8 million, making up 1.45% of EC World REIT's portfolio.

Broker's Calls

DBS ups EC World REIT's TP to 90 cents on tighter yields for logistics portfolio

To DBS, the potential transaction from EC World REIT's ongoing offer from its sponsor will be a catalyst to its share price.
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