Brokers' take

Keppel Telecommunications & Transportation | Buy April 19 close: S$1.74 Target price: S$2.51 UOB Kay Hian, April 19

We expect H1 2017 to be weak as Keppel Telecommunications & Transportation undergoes a transition to enter its next phase of growth. Demand for its data centres remains strong and we expect this to manifest in high occupancy rates for the T20 data centre and the new PCCW Global - Keppel ICX (HK) data centre. Earnings for the former are expected to kick in during Q2 2017 with an immediate 25 per cent take-up rate, while the latter will likely contribute from Q4 2017 onwards.

CapitaLand Commercial Trust | Hold April 19 close: S$1.63 Fair value: S$1.53 OCBC Investment Research, April 19