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Here’s why DBS is keeping Ascendas India Trust at 'hold' despite exciting growth prospects

Stanislaus Jude Chan
Stanislaus Jude Chan10/26/2017 03:58 PM GMT+08  • 2 min read
Here’s why DBS is keeping Ascendas India Trust at 'hold' despite exciting growth prospects
SINGAPORE (Oct 26): DBS Group Research says it is excited about Ascendas India Trust’s (a-iTrust) growth prospects and move into the emerging India warehouse industry.
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SINGAPORE (Oct 26): DBS Group Research says it is excited about Ascendas India Trust’s (a-iTrust) growth prospects and move into the emerging India warehouse industry.

The research house says it is positive on a-iTrust’s outlook, and forecasts that its distribution per unit (DPU) will improve by a compound annual growth rate of around 7% over FY17-FY20.

However, DBS is maintaining its “hold” recommendation on a-iTrust and lowering its target price to $1.15, from $1.20 previously.

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