Jonathan Koh of UOB Kay Hian is keeping his 'buy' call and has raised his target price for CapitaLand Ascendas REITfrom $3.51 to $3.58, following its latest acquisitions of two assets that can potentially lift distributions.
In his June 18 note, Koh raised his distribution per unit forecast for FY2025 by 0.9% and 1.7% for FY2026.
CLAR on May 28 announced plans to pay $700 million for data centre 9 Tai Seng Drive and 5 Science Park Drive, where Shopee is leasing for its office.
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