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Ascendas REIT a ‘buy’ for RHB and Maybank

PC Lee
PC Lee7/28/2017 09:52 AM GMT+08  • 3 min read
Ascendas REIT a ‘buy’ for RHB and Maybank
SINGAPORE (July 28): RHB and Maybank KimEng are maintaining their “buy” calls on Ascendas REIT with the same target price of $2.90.
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SINGAPORE (July 28): RHB and Maybank KimEng are maintaining their “buy” calls on Ascendas REIT with the same target price of $2.90.

Maybank is forecasting growth in NPI contribution from A-REIT’s business parks and hi-specs properties will outpace its broader asset portfolio, given better supply-demand visibility.

On the other hand, RHB likes A-REIT for continuing to deliver shareholder value through its efficient capital recycling strategy and asset enhancement initiatives.


See: Ascendas REIT posts 4.3% growth in FY17/18 DPU to 4.049 cents

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