REE - BUY - Core segments stable, upside in portfolio - Initiation

Company Research

02 Jul 2012

REE is one of the largest and most well-established M&E contractors in the domestic market with more than 30 years experience. The Company has since diversified to manufacturing and distribution of A/C systems under its Reetech brand. It also owns a total of 111,512 sqm of Grade B office space spread across several buildings located outside of Ho Chi Minh City’s Central Business District (CBD) most of which are currently over 90% occupied at rates of USD15-19/sqm/month.
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