Manulife US REIT - RHB Invest 2024-03-27: Renewed Push To Restore Normalcy; TRADING BUY

Manulife US REIT - Renewed Push To Restore Normalcy; TRADING BUY

Manulife US REIT (SGX:BTOU) | SGinvestors.ioManulife US REIT (SGX:BTOU)
  • Manulife US REIT (SGX:BTOU)’s latest moves – replacing the entire management team followed by open market share purchases by the chairman and a director – indicate a signal of hope and renewed push to stabilise the REIT.
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New management team to steer Manulife US REIT

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  • Additionally, Mushtaque Ali will be appointed as CFO. Ali has more than 25 years of experience and comes from sponsor side. Previously he was Head of Finance at Manulife Investment Management, Singapore and South-East Asia.
  • We understand Ali was also involved during the initial setting up of Manulife US REIT and is familiar with the REIT’s structure.
  • These moves come after the resignations of Manulife US REIT’s current CEO, deputy CEO, CFO, and CIO who are all leaving the REIT by end June.

Chairman and independent director commence open market purchases in a show of confidence.

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Vijay Natarajan RHB Securities Research | 2024-03-27

Previous report by RHB:
2024-02-09 Manulife US REIT - A Long Road Ahead; Now TRADING BUY.

Price targets by other brokers at Manulife US REIT Target Prices.

Listing of research reports at Manulife US REIT Analyst Reports.

Relevant links:
Manulife US REIT Share Price History,
Manulife US REIT Announcements,
Manulife US REIT Dividends & Corporate Actions,
Manulife US REIT News Articles


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