SINGAPORE (July 14): Lim & Tan Securities has upgraded Soilbuild Business Space REIT to “buy” from “hold” on the back of attractive dividend yield and a discount to book value.
Soilbuild REIT on Wednesday declared a distribution per unit (DPU) of 1.565 cents for the second quarter of 2016, down 3.1% y-o-y. This was mainly due to a higher number of units issued.
The company said gross revenue is stable at $19.6 million while net property income (NPI) grew 3.7% to $17.3 million on the back of lower property tax expenses.
Here are some stocks that could move in the SGX Market :
- SB REIT
- CITIC Envirotech
- Sim Lian
- Duty Free
- CMC Infocomm
These stocks are Good for Intra & Contra Trading . . . . .