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Revisions

Viva Industrial Trust ended 4Q strong… and more

Broker's Calls

Viva Industrial Trust ended 4Q strong… and more

Samantha Chiew Published on Mon, Jan 29, 2018 / 11:01 AM GMT+8

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SINGAPORE (Jan 29): Maybank is reiterating its “buy” call on Viva Industrial Trust (VIT) with a higher target price of $1.05 following the group’s strong 4Q results which were announced on Friday.

VIT’s 4Q17 DPU rose 5.5% to 1.857 cents from 1.760 cents in 4Q16.

Distributions declared also increased by 13.4% y-o-y to $18.1 million, despite an increase in the number of issued stapled securities.

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