2 reasons why First REIT wants more Indonesian healthcare properties

Still hungry for quality asset acquisitions.

OCBC Research notes that First REIT will continue to seek opportunities at expanding its footprint in Indonesia, given two main drivers.

First, the company has a growing healthcare market in the country, and the second is the strong pipeline of possible acquisition targets from its sponsor Lippo Karawaci.

"Following Siloam International Hospital’s successful IPO recently in Sep 2013, we believe proceeds raised would allow it to embark on a more aggressive hospital development programme, thus further providing FREIT with assets that may be purchased in the medium to long term horizon," predicted OCBC.

"FREIT will also look out for healthcare assets in other parts of Asia to expand its portfolio," it added.