Stock Name: Ascott Reit
Company Name: ASCOTT RESIDENCE TRUST
Company Name: ASCOTT RESIDENCE TRUST
| Research House: DBS Vickers | Price Call: BUY | Target Price: 1.40 |
SINGAPORE (Oct 24): DBS Group Research has maintained its "buy" call for Ascott Residence Trust (ART) with a slightly higher target price of $1.40.
In an Oct 24 report, DBS says with ART's sponsor investing up to A$500 million in new properties that Quest will secure for its franchise network, as well as taking a 20% interest in Quest, ART's future acquisition pipeline has expanded. This should help underpin ART's already healthy outlook.
No comments:
Post a Comment