Keppel REIT's Unit-Price Upside Appears Limited -- Market Talk

Dow Jones

Oct 09

0244 GMT - Keppel REIT's unit-price upside appears limited, as it trading closer to fair value, RHB Research's Vijay Natarajan says as he downgrades the REIT to neutral from buy with an unchanged target price of S$1.05. Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 22:44 ET (02:44 GMT)

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Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2025 22:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel REIT's Unit-Price Upside Appears Limited -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel REIT's Unit-Price Upside Appears Limited -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-09 10:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0244 GMT - <a href=\"https://laohu8.com/S/KREVF\">Keppel REIT</a>'s unit-price upside appears limited, as it trading closer to fair value, RHB Research's Vijay Natarajan says as he downgrades the REIT to neutral from buy with an unchanged target price of S$1.05. Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2025 22:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999004220.SGD","symbol_name":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574231183","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574231183","pubTimestamp":1759977840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0244 GMT - Keppel REIT's unit-price upside appears limited, as it trading closer to fair value, RHB Research's Vijay Natarajan says as he downgrades the REIT to neutral from buy with an unchanged target price of S$1.05. 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Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2025 22:44 ET (02:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}