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Brokers' take

Published Tue, Nov 25, 2014 · 09:50 PM

Keppel Reit | Hold

Nov 25 close: S$1.24

Target price: S$1.18

OSK DMG Research, Nov 25

Keppel Reit on Monday obtained approval from its unitholders to acquire a one-third interest in MBFC Tower 3 for a consideration of S$1.248 billion (S$2,790 psf), inclusive of rental support amounting to S$49 million. Post-acquisition, Keppel Reit's gearing will spike up marginally to 43.8 per cent…

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Riverstone holdings

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