Home Capital Broker's Calls

Analysts mostly positive on Ascendas REIT 'diversified, resilient' portfolio

Felicia Tan
Felicia Tan2/3/2021 4:9 PM GMT+08  • 5 min read
Analysts mostly positive on Ascendas REIT 'diversified, resilient' portfolio
The analysts have factored in their estimates for the FY2021 and FY2022 based on the REIT's proposed acquisitions this year.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

With the exception of RHB Group Research who has maintained its “neutral” recommendation on Ascendas REIT (A-REIT), CGS-CIMB Research, DBS Group Research, Maybank Kim Eng, OCBC Investment Research (OIR) and PhillipCapital have maintained their “add” or “buy” calls on the REIT following its FY2020 results released on Feb 2.

Despite his “neutral” call, RHB analyst Vijay Natarajan has upped A-REIT’s target price to $3.15 from $3 as he believes it remains one of the “most defensive industrial REITs” with a well-diversified portfolio across mainly business parks and logistics.

“Share price has underperformed over the last three months mainly due to an overhang from large equity fund raising and pending acquisition,” he says.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.