Brokers' take
Keppel DC Reit | Buy Target price: S$1.30 Jan 24 close: S$1.205 DBS Group Research, Jan 24
KEPPEL DC Reit remains one of the few Reits in Singapore that has the ability to acquire at a lower cost of capital.
The Reit is projected to deliver a solid 5 per cent compound annual growth rate in distributions supported by positive market dynamics.
Low gearing of 30 per cent and low cost of capital empower the Reit with financial capacity to acquire accretive assets.
Maintain "buy" with a revised target price of S$1.30 after p…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BOJ will hike rates if trend inflation accelerates, says Ueda
Malaysia to build region’s largest chip design park in bid for top startup-hub status
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Japan’s 7-Eleven convenience chain targets aggressive global growth
Renault Q1 sales rise 1.8%, helped by financing business
UBS lifts Chinese stocks to overweight in rare upgrade call