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Maybank Kim Eng starts Keppel REIT at 'sell' on 'challenging outlook'

Felicia Tan
Felicia Tan12/17/2020 04:45 PM GMT+08  • 3 min read
Maybank Kim Eng starts Keppel REIT at 'sell' on 'challenging outlook'
The REIT’s DPU growth is unexciting compared to its peers as well, adds Maybank Kim Eng analyst Chua Su Tye.
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Maybank Kim Eng analyst Chua Su Tye has initiated “sell” on Keppel REIT with a target price of 90 cents.

The reason behind Chua’s recommendation is due to the foreseeable headwinds ahead, he says.

The REIT’s distribution per unit (DPU) growth is unexciting compared to its peers as well, Chua adds.

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