Forex weakness to impact RHT Health Trust's disposal of assets

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SINGAPORE (June 14): CGS-CIMB Securities continues to rate RHT Health Trust a “hold”, but has lowered its target price on the group to 81 cents following its weak FY18 results, which was attributed to weakness of the INR to SGD.

In a Wednesday report, analyst Lock Mun Yee says, “Recent weakness of the Indian rupee against the Singapore dollar to have negative impact on the settlement value of proposed disposal of assets.”

Meanwhile, the execution of the master purchase agreement with Fortis Healthcare for the disposal of the entire asset portfolio of RHT Health Trust is still ongoing, subject to unitholders approval at an EGM, with a long stop date on Sept 30... (Click here to read the full story)