Keppel Pacific Oak US REIT’s (KORE) recently-released quarterly update has reinforced RHB Group Research’s view that the REIT remains “on the right track”.

RHB analyst Vijay Natarajan has maintained his "buy" rating for the counter with an unchanged target price of 84 US cents ($1.11) following KORE’s 1QFY2021 ended March business update released on April 19.

“We continue to maintain our view that KORE’s under-rented and tech-focussed portfolio is well-positioned to weather market challenges,” he writes in an April 21 research note.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook