Singapore Stock Market News

Keppel REIT - Underappreciated

StockFanatic
Publish date: Mon, 06 Apr 2015, 10:30 AM
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■ Recent NDR discussed office supply, expiry of income support & high gearing.

■ Market concerns likely priced in, at 5.6% FY15 DPU yields. Quality assets underappreciated.

■ Our preferred office exposure. Maintain BUY with SGD1.32 DDM TP. Catalysts from sustained rise in office rents & clear communication of no intentions to raise funds.
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