Ascendas REIT: Maybank KE highlighted opportunity to accumulate on weakness
-AREIT (-2.1%) took a beating along with the rest of the SREITs (down 1.6%) yesterday
-2016 remains tough on slow demand, strong supply and fed rate hike concerns
-but 2017 expected to brighten up considerably given near zero new supply of business parks
-2017/18 should see spare capacity fill up to grow FY3/18-19 DPUs by 4%/5.6%
-FY3/17-19 DPU estimates are: 15.5¢/16.1¢/17¢ = yield of 6.8%/7.1%/7.5%
-Maybank KE: Buy, TP $2.57
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