Company Name: KEPPEL DC REIT
Research House: Golman Sachs | Price Call: HOLD | Target 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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