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Ascendas India Trust's latest portfolio acquisition gives it new leg for growth

PC Lee
PC Lee11/27/2017 11:28 AM GMT+08  • 2 min read
Ascendas India Trust's latest portfolio acquisition gives it new leg for growth
SINGAPORE (Nov 27): DBS Research has upgraded its call on Ascendas India Trust (a-iTrust) to “buy” from “hold” with a revised target price of $1.25.
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SINGAPORE (Nov 27): DBS Research has upgraded its call on Ascendas India Trust (a-iTrust) to “buy” from “hold” with a revised target price of $1.25.

DBS says the recent acquisition of a portfolio of warehouses is a “transformative transaction” which would provide a new leg of growth for the business space trust.


See: Ascendas India Trust to acquire six warehouses in India for up to $112.5 mil

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