As SPH REIT announced distribution per unit (DPU) of 1.20 cents for the 1QFY2021 ended November on Jan 14, analysts from CGS-CIMB Research, Maybank Kim Eng and OCBC Investment Research are mixed on the REIT’s recovery prospects.

See: SPH REIT posts 13% lower DPU of 1.20 cents for 1QFY2021

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have maintained their “add” call on SPH REIT albeit with a slightly lower target price of $1.06 from $1.07 previously, as they expect “gradual improvement” to follow.

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