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.

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