Home Capital Broker's Calls

Why Keppel REIT is still a ‘buy’ despite falling DPU

Jude Chan
Jude Chan4/20/2017 11:49 AM GMT+08  • 1 min read
Why Keppel REIT is still a ‘buy’ despite falling DPU
SINGAPORE (April 20): Maybank Kim Eng Research is keeping its “buy” recommendation on Keppel REIT with an unchanged price target of $1.18.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (April 20): Maybank Kim Eng Research is keeping its “buy” recommendation on Keppel REIT with an unchanged price target of $1.18.

This comes despite Keppel REIT on Wednesday posting a 13.7% drop in distribution per unit (DPU) to 1.45 cents for the first quarter ended March 31.

Distributable income fell 11.6% to $48.1 million in 1Q, from $54.4 million a year ago.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.