SG stocks Friday, 22 April 2022: Keppel, OUE Commercial REIT, Sabana REIT, Singtel, UOB, ADDX, Venture, Digital Core REIT and others.
Digital Core REIT
Digital Core REIT reported Thursday its first quarter net property income came in at US$17.87 million, 6.9 percent above its IPO forecast.
UOB Kay Hian raised its target price for Digital Core REIT, citing the REIT’s ability to scale up quickly due to its sponsor’s pipeline.
DBS started Digital Core REIT at Buy with US$1.40 target, as the pure-play on data centers is backed by the largest global data center owner.
Singapore substantial shareholder changes: Digital Core REIT, Fortress Minerals and Hoe Leong Corp.
SG stocks Thursday: OUE Lippo Healthcare, First REIT, Sunpower, Digital Core REIT, ThaiBev, Jardine Matheson, Geo Energy, SembMarine, UOL Keppel, No Signboard and MM2 Asia.
SG stake changes: Digital Core REIT, ThaiBev, Raffles Infrastructure, United Hampshire US REIT, Metech, Abundance and Grand Banks Yachts.
Digital Core REIT ended Monday at US$1.01, up 14.8 percent compared with its IPO price of US$0.88, marking a strong trading debut.
SG stocks Monday, 6 Dec 2021: SembMarine, CICT, Chip Eng Seng, SIA Engineering, Starhill Global REIT, SingPost, Banyan Tree, JUMBO , Hong Lai Huat and OxPay.
Digital Core REIT offers “an attractive value proposition,” with prospects for DPU growth, said Arun George, an analyst at Global Equity Research.
Digital CORE REIT’s IPO met with strong demand, with the total 267.03M units 19.4 times subscribed, according to the balloting announcement.
Singapore stocks Thurs., 25 Nov. 2021: SPH, Keppel, Cuscaden Peak, Mapletree Logistics, Koufu, KIT, SGX, MNACT, Trendlines, Digital Core REIT, iX Biopharma and JUMBO.