Brokers’ Digest: Digital Core REIT, Suntec REIT, UOB, DBS, DFI Retail Group, Wilmar, ST Engineering

Analysts from DBS Group Research and UOB Kay Hian (UOBKH) have maintained their “buy” calls for Digital Core REIT (DC REIT) after the REIT announced, on Sept 9, that it would exercise its option to acquire an additional interest of between 0.2% and 40% in a Frankfurt data centre. The acquisition will be fully funded by a Euro-denominated term loan at an all-in cost of 3.6%. The REIT had previously completed the acquisition of another 24.9% stake in the same data centre in April.