Nevertheless, Tan highlights the possibility that DBS’s numbers could be raised by a further 3% should the manager be able to achieve tax transparency status for its stake in KDC SGP 5, which he has yet to price in.
SINGAPORE (July 18): DBS Vickers Securities and CGS-CIMB Research are maintaining their respective “buy” and “add” calls on Keppel DC REIT with target prices of $1.52 and $1.49, after the REIT’s 2Q results came in line with both research houses’ expectations.
In a Wednesday report, DBS lead analyst Derek Tan says his target price for Keppel DC REIT is the highest in the street, although his estimates remain conservative compared to consensus after pricing in the recent acquisition of a 99% interest in Kingsland Data Center (KDC SGP 5) and fund raising.
