Frasers Centrepoint Trust (FCT), Frasers Logistics & Industrial Trust (FLT) and Keppel DC REIT remain among his top “buy” picks at fair value estimates of $2.28, $1.22 and $1.39 respectively.
SINGAPORE (Aug 22): OCBC Investment Research is maintaining “neutral” on Singapore REITs (S-REITs) after all 24 REITs under its coverage reported 2Q17 results that came in line with its expectations, with overall distribution per unit (DPU) growth coming in flat.
In a Tuesday report, lead analyst Andy Wong highlights OUE Hospitality Trust (OUE HT) as one that experienced “stellar” DPU growth over the quarter, and hence has chosen the REIT to replace CapitaLand Mall Trust (CMT) as one of the research house’s top selections with a “buy” rating at 82 cents’ fair value.
