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Ascendas REIT

Management at post-results luncheon meeting affirms healthy operational outlook Investments to bear fruit in coming quarters. Maintain FY13-14F earnings growth of c2-4%. Maintain HOLD and DCF-based TP S$2.14 Operational outlook remain healthy. A-REIT’s operational performance in 3Q12 was in line with expectations. 9MFY12 earnings formed 76% of our forecasts. Portfolio occupancy remained steady at 95.6% ...

 

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