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Soilbuild REIT still solid despite 13.9% drop in 3Q DPU

Jude Chan
Jude Chan10/13/2016 11:40 AM GMT+08  • 2 min read
Soilbuild REIT still solid despite 13.9% drop in 3Q DPU
SINGAPORE (Oct 13): DBS Group Research and OCBC Investment Research are both keeping Soilbuild Business Space REIT at “buy” with lower target prices, after Soilbuild on Wednesday announced a 13.9% decrease in 3Q16 DPU to 1.399 cents.
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SINGAPORE (Oct 13): DBS Group Research and OCBC Investment Research are both keeping Soilbuild Business Space REIT at “buy” with lower target prices, after Soilbuild on Wednesday announced a 13.9% decrease in 3Q16 DPU to 1.399 cents.

Both research houses had a 78-cent target price for the REIT previously, but DBS lowered its target price 75 cents while OCBC lowered its fair value estimate to 77 cents.

(See Soilbuild REIT posts 14% dip in 3Q DPU to 1.399 cents)

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