- Refer to EC World REIT's announcement dated 23 Feb 2023 –
Further delays in proposed divestments to pay down loans
- - Read this at SGinvestors.io -
- The divestment has since been delayed multiple times as the Sponsor was not able to raise the required funds for the acquisitions.
- In 4Q22, the delay was attributed to the prolonged COVID-19 controls in China, followed by the PRC National Day Holiday. However, the divestment continues to be delayed and it now looks like the latest deadline on 28 February 2023 is unlikely to be met.
- - Read this at SGinvestors.io -
4Q22 NPI of S$26.0m was 4.0% lower q-o-q
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-02-24
Previous report by DBS:
2022-11-21 EC World REIT - Throwing A Spanner In The Works; Downgrade to FULLY VALUED.
Price targets by other brokers at EC World REIT Target Prices.
Listing of research reports at EC World REIT Analyst Reports.
Relevant links:
EC World REIT Share Price History,
EC World REIT Announcements,
EC World REIT Dividends & Corporate Actions,
EC World REIT News Articles
