Analysts from Maybank Kim Eng, CGS-CIMB Research, OCBC Investment Research and UOB Kay Hian Research are mostly upbeat on Ascendas REIT’s (A-REIT) 1QFY2021 ended March business update, which came out on April 23.

Maybank Kim Eng analyst Chua Su Tye kept his ‘buy’ call for A-REIT with a higher target price of $3.65 from $3.60 previously.

CGS-CIMB’s Lock Mun Yee retained her ‘add’ call with an unchanged target price of $3.30. The research team at OCBC and UOB Kay Hian's Jonathan Koh also kept their ‘buy’ calls with an unchanged fair value of $3.84 and $3.82 respectively.

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