$Prime US ReitUSD(OXMU.SI)$ Philip Capital Maintain BUY with a higher DDM-derived TP of US$0.30 (prev. US$0.21). Philip capital raise FY25e DPU from 0.26 cents to 0.62 cents (2H25: 50 cents) on a higher 50% payout ratio (1H25: 10%) in 2H25.
I am one of the most loyal shareholders of Visa. Having held it for 1312 days. I like the stability and predictable performance of Visa. The company growth together with world economy and have good moats in business.