SINGAPORE (Oct 3): OCBC Investment Research is maintaining its “hold” call on healthcare-focused First REIT with a fair value estimate of $1.38, following the release of Singapore’s latest inflation figures.

To recap, inflation in Singapore was up 0.4% in Aug 2017, moderating from July’s 0.6% growth such that the median Bloomberg consensus for 2017’s consumer price index (CPI) has been revised downwards to 0.8% from 0.9%.

See: Singapore records 0.4% inflation in August

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