EC World REIT reported Thursday its 3Q19 net property income increased 3.2% on-year to S$22.92M on strong occupancy and the Fuzhou E-Commerce acquisition.
EC World REIT reported Tuesday its 2Q19 net property income fell 7.2% on-year to S$21.16 million as the Chinese yuan weakened against the Singapore dollar.
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
EC World REIT has entered into a China on-shore facility agreement with various banks for up to 1.095 billion yuan, the REIT said in a filing to SGX Friday.
EC World REIT reported Friday its 1Q19 net property income slipped 1.4 percent on-year, mainly on exchange rate differences between the SGD and the CNY.
These are Singapore companies which may be in focus on Monday, 25 February 2019: Venture, Halcyon Agri and Chip Eng Seng.
EC World REIT reported Friday its 4Q18 net property income rose 16.1 percent on-year on the acquisition of the Wuhan Meiluote property in April 2018.
EC World REIT’s unit price has dropped around 10 percent since its 2016 initial public offering, taking a hit alongside a host of China-focused investments as concerns over the U.S. trade war hurt sentiment.
RHB started EC World REIT at Buy with a S$0.81 target price, saying the REIT is a proxy to China’s e-commerce and logistics growth via…