0604 GMT - Stoneweg Europe Stapled Trust may benefit from its investment in Stoneweg Icona data-center fund, RHB Research's Vijay Natarajan says in a research report. The trust's maiden foray into this fund offers growth potential by participating in early development stages of Europe's swiftly growing data-center space, the analyst says. Given the transaction is done at a discount, the trust expects a valuation uplift for its stake upon completion, the analyst notes. As the IDC fund progresses and various milestones such as tenants are secured, the value of this fund is expected to grow. RHB has a buy rating and a target price of EUR1.90 on the trust's units, which are 0.6% lower at EUR1.55. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 26, 2025 02:04 ET (06:04 GMT)
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