This printed article is located at https://ecwreit.listedcompany.com/analyst_coverage.html
Analysts Coverage
| Research House | Analyst | Email Address |
|---|---|---|
| DBS |
Derek Tan Dale Lai |
derektan@dbs.com dalelai@dbs.com |
| KGI Securities | Amirah Yusoff | amirah.yusoff@kgi.com |
| Phillip Securities |
Paul Chew Natalie Ong |
research@phillip.com.sg |
| RHB | Vijay Natarajan | vijay.natarajan@rhbgroup.com |
| Soochow Securities | Zhao Yiyuan | yiyuan.zhao@sccmasia.com |
Analyst Reports
| Research House | Date | Recommendation | Target Price | Download |
|---|---|---|---|---|
| RHB | 10 October 2022 | Neutral | SGD0.55 | Proposed Divestments – Slightly Positive |
| DBS | 4 October 2022 | Buy | SGD0.70 | Insights Direct Company Note |
| Soochow Securities | 15 August 2022 | Buy | SGD0.72 | Rental escalations, Top-ups stabilize performance |
| DBS | 12 July 2022 | Buy | SGD0.70 | A bargain despite refinancing hurdles |
| RHB | 27 June 2022 | Neutral | SGD0.55 | Onerous Loan Refinancing Terms |
| DBS | 17 May 2022 | Buy | SGD0.70 | Attractive yield should more than offset surprise compensation payment |
| DBS | 24 Feb 2022 | Buy | SGD0.85 | Organic growth to the rescue |
| DBS | 10 Nov 2021 | Buy | SGD0.90 | Insights Direct Company Note |
| DBS | 10 Aug 2021 | Buy | SGD0.90 | Resilient logistics portfolio offering > 7% yield |
| DBS | 24 Feb 2021 | Buy | SGD0.80 | Wuhan back in business |
| RHB | 12 August 2020 | Buy | SGD0.76 | Steady As It Goes; Keep BUY |
| Soochow Securities | 11 August 2020 | Buy | SGD0.87 | Steady as she goes |
| Phillip Securities | 11 August 2020 | Buy | SGD0.87 | Income visibility from master leases |
| KGI | 03 July 2020 | Outperform | SGD0.73 | No need for panic |
| KGI | 14 May 2020 | Outperform | SGD0.73 | Normalcy with an added sprinkle of caution |
| RHB | 14 May 2020 | Buy | SGD0.76 | Defensive Master Leases, Resilient In Logistics |
| DBS | 14 May 2020 | Buy | SGD0.80 | Business as usual |
| Phillip Securities | 05 Mar 2020 | Buy | SGD0.827 | Protected by master leases |
| RHB | 02 Mar 2020 | Buy | SGD0.78 | Near-Term Headwinds; Long-Term Outlook Intact |
| KGI | 02 Mar 2020 | Outperform | SGD0.82 | Somewhat immune, but some sniffles expected |
| Soochow Securities | 02 Mar 2020 | Buy | SGD0.88 | Resilience amid COVID-19 outbreak |
| DBS | 28 Feb 2020 | Buy | SGD0.80 | E-commerce catching the flu? |
| KGI | 25 Nov 2019 | Outperform - Initiation | SGD0.84 | E-Commerce taking over the World |
| DBS | 11 Nov 2019 | Buy | SGD0.86 | Netting another e-commerce asset |
| Soochow Securities | 8 Nov 2019 | Buy | SGD0.91 | Transitional quarter, new pipeline revealed |
| Phillip Securities | 8 Nov 2019 | Buy | SGD0.87 | Against FX headwinds |
| Phillip Securities | 8 Aug 2019 | Buy | SGD0.87 | Operationally stable |
| RHB | 8 Aug 2019 | Buy | SGD0.82 | Another Stable Quarter Barring FX Impact; BUY |
| Soochow Securities | 7 Aug 2019 | Buy | SGD0.91 | Upcoming boost from acquisition |
| Phillip Securities | 14 May 2019 | Buy | SGD0.87 | An accretive acquisition and longer WALE |
| RHB | 14 May 2019 | Buy | SGD0.85 | Accretive Acquisition Of FEC; Keep BUY |
| Soochow Securities | 13 May 2019 | Buy | SGD0.93 | ROFR acq boosting growth and portfolio quality |
| DBS | 12 May 2019 | Buy | SGD0.86 | Proposed acquisition of Fuzhou E-commerce enhances yield |
| Phillip Securities | 01 Mar 2019 | Buy | SGD0.85 | Optimistic about the outlook |
| Soochow Securities | 25 Feb 2019 | Buy | SGD0.89 | Strengthened portfolio; imminent asset injection |
| RHB | 25 Feb 2019 | Buy | SGD0.84 | Master Leases Extended Until 2024; Keep BUY |
| DBS | 21 Feb 2019 | Buy | SGD0.86 | Boon from e-commerce boom |
| RHB | 08 Jan 2019 | Buy | SGD0.81 | E-Commerce Logistics + 9% Yield; Initiate BUY |
| CGS CIMB | 04 Dec 2018 | Non-rated | - | EC World REIT Unique e-commerce landlord |
| Fund Supermart | 30 Nov 2018 | Non-rated | - | EC World REIT: Leverage On China's Burgeoning E-Commerce Industry With This REIT! |
| Soochow Securities | 8 Nov 2018 | Buy | SGD 0.88 | Resilient core operations; inorganic opportunities |
| Phillip Securities | 5 Nov 2018 | Buy | SGD 0.82 | The landlord in e-commerce |
| KGI | 29 Oct 2018 | Not Rated | – | Site Visit Note |
| RHB | 24 Oct 2018 | Not Rated | – | Visit Note: Master Lease Assets Ramping Up |
| Soochow Securities | 8 Aug 2018 | Buy | SGD 0.88 | Boosted by maiden acquisition |
| Soochow Securities | 14 May 2018 | Buy | SGD 0.88 | 1Q18 tax drag; rising visibility on acquisition roadmap |
| Soochow Securities | 16 Apr 2018 | Buy | SGD 0.88 |
Prime Beneficiary of Hangzhou Logistics Boom
杭州物流飞速�'展的主要受益方
|
| Phillip Securities | 19 Mar 2018 | Not Rated | – | Foothold in Hangzhou’s specialised logistics arena |