Tuesday, May 21, 2013

Keppel REIT fall down SGX Live

Keppel REIT's units fell down up to 2% with just Keppel Corporation Ltd would sell a 6.7 % stake in the trust for S$280 million.
Price down notice after a 5-1/2-year high of S$1.63 last week, outperforming a 13 % rise in the sector index.

Keppel REIT alive at S$1.57 per unit 7 sell price of $1.555 for the 180 million units or 6.7 percent of the total issued units. it remained positive on Keppel REIT because of the trust's strong office portfolio in Singapore, and retained its target price of S$1.64.

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