DBS, Jefferies lower Ascendas India Trust target price on post-FY2021 results

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.

However, both brokerages maintained a "buy" call on the trust on account of projected improvem…

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