It looks like the sponsor have started offloading. The gearing of this warehouse trust have went up to 29%. If the pace of acquisition continues we could see it being geared at 40% by the end of the year. Yields could inch up to 9%
Here are 2 reports from CIMB and DBS Vickers on this move.
Cache Logistics 0206111 Cache 020611 Buy DBSV
I do collect past stock research reports from brokers here @Investment Moats. Do take a look at the reports here.
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Friday 3rd of June 2011
Hi Drizzt, does that mean now is the good time to load CACHE?
Saturday 4th of June 2011
erm YBK, the price have been hovering about this range. yield will get higher definitely if you purchase here but leverage is going up as well.
i am neutral on this. some folks will say purchase at 91 cts though.