Daiwa House Logistics Trust May Gain From Acquisition of Two Logistics Assets -- Market Talk

Dow Jones2022-09-23

0320 GMT - Daiwa House Logistics Trust may gain from the acquisition of two freehold logistics assets and land, say Daiwa Capital Markets analysts in a research report, as the brokerage raises the unit's rating to buy from outperform. The willingness of its sponsor Daiwa House Industry to sell the assets to the REIT at an 11.8% discount to the purchase price and subscribe to the REIT's new units at a 15% premium to current market price shows clear proof of sponsor's strong commitment to grow the REIT, the analysts say. Daiwa also raises the target price to S$0.80 from S$0.79 on the likely value accretion from the acquisitions. The units are unchanged at S$0.69. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 22, 2022 23:20 ET (03:20 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2269107058?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-09-23 11:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2269107058","market":"us","top_or_hot":-1,"title":"Daiwa House Logistics Trust May Gain From Acquisition of Two Logistics Assets -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0320 GMT - Daiwa House Logistics Trust may gain from the acquisition of two freehold logistics assets and land, say Daiwa Capital Markets analysts in a research report, as the brokerage raises the unit's rating to buy from outperform. The willingness of its sponsor Daiwa House Industry to sell the assets to the REIT at an 11.8% discount to the purchase price and subscribe to the REIT's new units at a 15% premium to current market price shows clear proof of sponsor's strong commitment to grow the REIT, the analysts say. Daiwa also raises the target price to S$0.80 from S$0.79 on the likely value accretion from the acquisitions. The units are unchanged at S$0.69. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 22, 2022 23:20 ET (03:20 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daiwa House Logistics Trust May Gain From Acquisition of Two Logistics Assets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaiwa House Logistics Trust May Gain From Acquisition of Two Logistics Assets -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0320 GMT - Daiwa House Logistics Trust may gain from the acquisition of two freehold logistics assets and land, say Daiwa Capital Markets analysts in a research report, as the brokerage raises the ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DHLU.SI","symbol_name":"Daiwa Hse Log Tr","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2269107058","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2269107058","pubTimestamp":1663903200,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0320 GMT - Daiwa House Logistics Trust may gain from the acquisition of two freehold logistics asset","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DHLU.SI":"Daiwa Hse Log Tr"},"translate_title":"大和之家物流信托可能从收购两项物流资产中获利--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWOA.U":1,"DHLU.SI":0.9},"content_text":"0320 GMT - Daiwa House Logistics Trust may gain from the acquisition of two freehold logistics assets and land, say Daiwa Capital Markets analysts in a research report, as the brokerage raises the unit's rating to buy from outperform. The willingness of its sponsor Daiwa House Industry to sell the assets to the REIT at an 11.8% discount to the purchase price and subscribe to the REIT's new units at a 15% premium to current market price shows clear proof of sponsor's strong commitment to grow the REIT, the analysts say. Daiwa also raises the target price to S$0.80 from S$0.79 on the likely value accretion from the acquisitions. The units are unchanged at S$0.69. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 22, 2022 23:20 ET (03:20 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2269107058"}