Thursday 28 Mar 2024
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SINGAPORE (Oct 17): CIMB Research is downgrading its call on Keppel DC REIT to “Hold” from “Add”, with a higher target price of S$1.37, from S$1.36 previously, given the recent uptick in the trust’s unit price.

Keppel DC REIT yesterday posted a 9M17 adjusted distribution per unit (DPU) of 5.22 Singaporean cents, representing a 4.2% growth from 9M16’s adjusted DPU of 5.01 Singaporean cents, after adjusting for the impact of its pro-preferential offering a one-off net property tax refund in...(click on link for full story on theedgesingapore.com)

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