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An update from Keppel REIT ( (SG:K71U) ) is now available.
Keppel REIT has received in-principle approval from the Singapore Exchange Securities Trading Limited for the listing of 114,954,000 new units following a private placement. This move is part of a strategy to raise approximately S$113.0 million, with the funds intended for working capital and other corporate purposes. The approval is contingent upon compliance with specific SGX-ST listing requirements, and the new units will be listed on the Main Board of the SGX-ST. This development is significant for Keppel REIT as it enhances its financial flexibility and supports its growth strategy, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (SG:K71U) stock is a Buy with a S$1.20 price target. To see the full list of analyst forecasts on Keppel REIT stock, see the SG:K71U Stock Forecast page.
More about Keppel REIT
Keppel REIT is a real estate investment trust based in Singapore, focusing on the acquisition and management of high-quality commercial properties. It operates primarily in the office sector, with a portfolio that spans key cities in Asia Pacific, including Singapore, Sydney, and Melbourne.
YTD Price Performance: 22.40%
Average Trading Volume: 8,438,125
Technical Sentiment Signal: Buy
Current Market Cap: S$3.89B
Learn more about K71U stock on TipRanks’ Stock Analysis page.