"Its gearing remains modest, and we see the potential for opportune divestments as well as selective acquisitions. Interest cost pressures have likely peaked," he adds.
Vijay Natarajan of RHB Bank Singapore has kept his "buy" call and $3.20 target price on CapitaLand Ascendas REIT (SGX:A17U
) ’s (CLAR), on the optimism that its diversified mix of a majority of Singapore-centric industrial assets can help weather market headwinds.
"We are also positive on its sharpened focus on redeveloping existing assets to extract value," says Natarajan in his April 17 note, where he reiterates this counter as one of his top industrial S-REIT picks.
