DBS, Jefferies lower Ascendas India Trust target price on post-FY2021 results
Both brokerages still maintain 'buy' call on account of projected improvements in portfolio occupancy
Singapore
DBS Group Research and Jefferies on Thursday (Jan 27) lowered their target price (TP) for Ascendas India Trust to S$1.70 and S$1.65 respectively, from a previous TP of S$1.80.
This comes after the trust posted a lower distribution per unit (DPU) of S$0.078 on Wednesday for the financial year ended Dec 31, 2021, some 11 per cent less than the DPU of S$0.0419 in the year-ago period.
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