Maybank Securities’ Krishna Guha and UOB Kay Hian’s Jonathan Koh have maintained their “buy” calls on Keppel REIT following the acquisition of a 50% stake in Sydney’s 255 George Street for A$363.8 million ($321 million). Guha has kept his target price of $1.00 while Koh has increased his target price by 2 cents to $1.26.
Keppel REIT
Price targets:
Maybank Securities ‘buy’ $1
UOB Kay Hian ‘buy’ $1.26
Citi Research ‘neutral’ 90 cents
Relatively decent’ acquisition
