SINGAPORE (Dec 12): RHB Research says Ascendas REIT is its top pick in Singapore's industrial property space as the trust is a good proxy to the favourable business parks segment.
RHB is also positive on its strategic moves of divesting its China properties and increasing Australia exposure.
“Despite SG industrial sector headwinds, we expect it to post positive rental reversions of 2-5% in FY17,” says analyst Vijay Natarajan who has a “buy” call with $2.65 target price.
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