Ascendas India Trust (a-iTrust)

SINGAPORE (Oct 25): DBS Group Research is maintaining Ascendas India Trust (a-iTrust) at “buy” with $1.25 target based on three reasons: New growth engine, acquisitions and untapped landbank.

SINGAPORE (Oct 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared a 2Q19 DPU of 1.98 cents, 32% higher than a year ago despite the depreciating Indian Rupee.

SINGAPORE (July 31): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a forward purchase agreement with vendor Phoenix Ventures to acquire two buildings, aVance A1 & A2, in aVance Business Hub 2, in HITEC City, Hyderabad.

SINGAPORE (July 26): Ascendas India Trust (a-iTrust) is off to a good start in FY19, with 1Q19 DPU jumping 23% y-o-y to 1.60 cents which was in line with expectations.

SINGAPORE (May 21): Ascendas India Trust is deepening its presence in Hyderabad through the acquisition of two buildings in aVance Business Hub as well as five future buildings in aVance Business Hub 2.

SINGAPORE (May 14): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a forward purchase agreement to acquire two buildings in Navi Mumbai, India for a total of 9.3 billion Indian rupees ($186 million).

SINGAPORE (Apr 26): Jefferies is maintaining Ascendas India Trust at “buy” with $1.20 target price as logistics could be a high-growth area to diversify into to offset any saturation in business park demand.

SINGAPORE (Apr 25): The manager of Ascendas India Trust (a-iTrust) reported 4Q18 DPU of 1.65 cents, up 8% from 1.54 cents a year ago despite the increase in equity base through February’s private placement.

SINGAPORE (Feb 5): The trustee-manager of Ascendas India Trust (a-iTrust) is selling new shares to private investors to raise gross proceeds of at least $75 million.

SINGAPORE (Jan 30): DBS Group Research recommends investors remain "overweight" on Ascendas India Trust (a-iTrust) given its strong growth profile with potential earnings upside.