A number of analysts have upgraded their ratings for Keppel DC REIT after it announced the acquisition of its first data centre in China on July 26. The REIT also announced its 1HFY2021 ended June results on the same day.

See: Keppel DC REIT makes maiden China foray with DPU accretive deal and Keppel DC REIT posts 12.5% DPU growth to 4.924 cents for 1HFY21

DBS and PhillipCapital upgraded their calls to “buy”, with DBS raising its target price to $3.00 from $2.80 previously, while PhillipCapital kept its $3.20 target price unchanged.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook