OCBC is looking after its "hold" on CWT with an unaltered target cost of $1.95 saying it bodes well to exist shareholders to keep holding to the shares for any potential upside from the key audit.
It has been more than one and a half years since CWT reported that the shareholders of C&P Holdings are thinking about a vital audit of business and resources.
C&P consequently went into select arrangements with HNA Group on May 16 2016, which could conceivably prompt any exchange.
For the time being, this key audit remains a key impetus, despite the fact that there are still no official points of interest or additional data.
Since May 16, 2016, CWT has been exchanging inside the scope of $1.88-$2.20.
On March 21, it was accounted for that HNA's speculation unit is wanting to purchase a stake of no less than 35% in an Asia-centered REIT that will list in Singapore and will likewise take a 75% stake in the REIT's administration organization shaped with Singapore-based AEP Investment Management which claims business and mechanical properties.
Back in Nov 2016, Bloomberg News had announced that AEP was thinking about posting some of its benefits through a Singapore IPO and may perhaps incorporate properties, for example, StarHub Green Business Park.
In a Wednesday report, OCBC lead investigator Eugene Chua says if this new REIT has the order to procure mechanical properties, there is the likelihood for HNA to open potential collaboration between the REIT and CWT as HNA will have the capacity to reuse capital by stripping CWT's coordinations properties into the REIT.
"All stated, without firm subtle elements, these exchanges could conceivably appear," says Chua.
Then, the new uber coordinations center point is still on track to finish in 1H17, however it will set aside opportunity to increase inhabitance, conceivably constraining edges in the close term.
Shares of CWT are up 1 penny at $2.03.
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