Keppel DC Reit - First time DPU dropping, likely see further head winds ahead! Finance costs balloon 56.9 percent from 8.1m to 12.8m.

 DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago. 

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9MFY2023 of 7.543 cents is lowered than last year DPU of 7.634 cents. 

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For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.

Yield is about 5% at 1.99.

I think a good pivot point might be at 1.81 about 5.5% yield! 

Chart wise, bearish mode! 

Immediate support is at 1.98.

Next support is at 1.90-1.91.

If 1.90 cannot hold,  we may likely see her going down to revisit 1.80 than 1.75.

Not a call to buy or sell!

Pls dyodd.