Despite Keppel REIT’s positive set of results for 1HFY2021 ended June 30, analysts have remained divided on their recommendation for the office REIT.

Among those in favour of Keppel REIT is CGS-CIMB Research.

“With no major refinancing needs in FY2021 and better debt headroom, Keppel REIT continues to be in a strong position to continue to evaluate accretive inorganic growth opportunities,” CGS-CIMB analysts Long Mun Yee and Eing Kar Mei write in a note dated July 28.


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