RHB has upgraded its target price on AIMS APAC REIT, citing several positive factors including a potential index inclusion, and its attractive price as compared to book value.
AIMS APAC REIT is a Singapore Exchange (SGX)-listed industrial and logistics assets landlord with a portfolio of 27 assets across Singapore and Australia.
The REIT is currently trading at a premium of about 15% to book value, according to data compiled on the Singapore REITs table.
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