With the recent announcement of acquiring the 13 Data Centres from North America from Digital Realty looks like this counter is fast becoming an alternative data-centre play.
DPU accretion of up to 3.5% that may see it current DPU of 12.4 cents increase to 12.83 cents.
Yield is about 5.3% at current price of 2.42.
I think fair value is about 2.56 level.
Short term wise, I think it may likely retrace a little bit towards the lower Trend Line and then bounce off to rise up again to retest 2.56 and above.
Not a call to buy or sell.
Pls dyodd.
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