Broker's take: OCBC Investment Research downgrades ESR-Reit to 'hold'

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BrokersTake: OCBC Investment Research downgrades ESR-Reit to 'hold'

OCBC Investment Research has downgraded its recommendation of ESR-Reit to"hold" due to a rally in the industrial Reit's unit price since the brokerage initiated coverage in December 2018.

On the rental income from Hyflux Membrane's tenancy at 8 Tuas South Lane, Ms Ong said there are mitigating factors for the Reit.

 

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