FIRST REIT - 10% DIVIDEND YIELD AND TRADING 0.7x BOOK VALUE
@SPOT_ON：
$First Reit(AW9U.SI)$ Analysts are generally positive about First REIT’s prospects after visiting its four hospitals in Jakarta last week. The hospitals, Mochtar Riady Comprehensive Cancer Centre (MRCCC), Siloam Hospitals Lippo Village, Siloam Hospitals Kebon Jeruk and Siloam Hospitals TB Simatupang, are operated by Indonesia-listed Siloam International Hospitals. Following the visit, Lim & Tan Securities analyst Chan En Jie has maintained his “accumulate” call with an unchanged target price of 30 cents, pegged to a forward yield spread of 2.6% and 0.5 standard deviations (s.d.) of its five-year average. First reit acquisition into 7 japanese old age care properties should bode well with japanese economy rising out of stagnation. $PING AN(02318)$ $KUAISHOU-W(01024)$ $Meta Platforms, Inc.(META)$ $ocbc bank(O39.SI)$
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