“Covid-19 has fuelled further demand and underpins the importance of data centres, but we believe the impact of this on KDC REIT has been priced in. The stock is trading at 3.5% FY21F DPU yield vs. sector average of 5.5%,” they write in a report dated Oct 20.
CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee are maintaining their “hold” recommendation on Keppel DC REIT (KDC REIT) with an unchanged target price of $2.88 following the release of its 3QFY2020 results.
