Ong says the maintained recommendation comes as she believes the market has priced in potential catalysts from acquisitions and the REIT’s inclusion in the Straits Times Index (STI) despite its strong metrics.
PhillipCapital analyst Natalie Ong has maintained her “neutral” recommendation on Keppel DC REIT with a higher target price of $2.91 from $2.57 after incorporating $500 million of acquisitions for FY2021e.
See also: Analysts mixed on Keppel DC REIT despite 3Q DPU coming in 'within' and 'slightly above' expectations
