Ascenas REIT

Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.

Following the rights issue, gearing is likely to be lower at 35% from 36.2% as at Sept 30, 2019. At a pro forma DPU of 16.3 cents, Ascen­das REIT is trading at 5.29%, and at 1.4 times its post-acquisition book value. DBS Research reckons that built in re