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Analyst mixed amid Suntec REIT's recovery in 1Q21 DPU

Felicia Tan
Felicia Tan4/29/2021 3:41 PM GMT+08  • 3 min read
Analyst mixed amid Suntec REIT's recovery in 1Q21 DPU
CGS-CIMB has kept "buy" on Suntec REIT with a TP of $1.76 while OCBC Investment Research has recommended "hold" with a TP of $1.56
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Analysts from CGS-CIMB Research and OCBC Investment Research (OIR) are mixed on the recovery of Suntec REIT, with CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei being more positive on the REIT’s prospects.

Lock and Eing have maintained “add” on Suntec REIT as its distribution per unit (DPU) of 2.045 cents for the 1QFY2021 stood within their expectations at 25% of their FY2021 forecast.

The analysts have kept their target price of $1.76 as Suntec’s higher office income helped boost its results from the drag from its retail and convention segments.

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