Re: Manulife US REIT
Posted: Fri Jan 06, 2017 10:23 am
not vested
Manulife US REIT Update (MUST SP, BUY, TP: USD0.96)
A “Trump” Card
We expect US office demand to strengthen further in 2017 from pro-business policies of president-elect Donald Trump.
MUST is the only listed REIT in Asia offering the best-proxy to the rebounding US economy and strengthening USD via its freehold office properties.
The REIT also offers a superior FY17F yield of 7.6%, a healthy 100bps above its Singapore peers.
We expect it to acquire at least one office asset in 2017 boosting DPU. Maintain BUY with a USD0.96 TP (14% upside).
Source: RHB
http://rhb.ap.bdvision.ipreo.com/NSight ... b4cae97fe6
Manulife US REIT Update (MUST SP, BUY, TP: USD0.96)
A “Trump” Card
We expect US office demand to strengthen further in 2017 from pro-business policies of president-elect Donald Trump.
MUST is the only listed REIT in Asia offering the best-proxy to the rebounding US economy and strengthening USD via its freehold office properties.
The REIT also offers a superior FY17F yield of 7.6%, a healthy 100bps above its Singapore peers.
We expect it to acquire at least one office asset in 2017 boosting DPU. Maintain BUY with a USD0.96 TP (14% upside).
Source: RHB
http://rhb.ap.bdvision.ipreo.com/NSight ... b4cae97fe6