Wednesday, January 14, 2015

Keppel DC REIT started at 'neutral' with 99 cents target price by Goldman Sachs

Stock Name: Keppel DC Reit
Company Name: KEPPEL DC REIT
Research House: Golman SachsPrice Call: HOLDTarget Price: 0.99



SINGAPORE (Jan 14): Goldman Sachs is initiating coverage of Keppel DC REIT with a "neutral" call as it sees the stock as fairly valued with a target price of 99 cents, implying an upside potential of just 2%.

In a Jan 13 report led by analyst Paul Lian, Goldman Sachs expects FY16 DPU growth of 4.6% for the REIT given its well-located hubs to tap a large customer pool, growing global demand for third-party data centres, and a balanced mix of leases.

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