At a recent roadshow organised by CGS-CIMB, Keppel REIT’s management remains the most upbeat on its Singapore portfolio.
CGS-CIMB analysts Lock Mun Yee and Natalie Ong have maintained their "add" call and $1.14 target price on Keppel REIT.
While the REIT's office portfolio might see some pressures because of changing working habits, the analysts, in their Sept 25 note, hold the view that with FY2023 yield already at 6.8%, much of the downside has already been factored in.
