SINGAPORE (June 26): DBS analysts Rachel Tan and Derek Tan are maintaining their “buy” calls on Keppel Pacific Oak US REIT (KORE) with a lowered target price of 85 US cents from 90 US cents previously.

“Trading at > 8% yield and 0.9x P/NAV, we believe there is still upside with greater investor visibility and positive sentiment from re-opening of the US economy,” they write in a note dated June 23.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook