Analysts have mixed views on the outlook of Suntec REIT, with RHB and Maybank analysts giving the counter a “buy” and “sell” rating respectively. 

In his initiation report, Maybank Kim Eng’s Chua Su Tye has given a target price of $1.20 for the REIT, as he expects “challenging headwinds” for the REIT. 

He added that “slow retail recovery and rising office vacancy due to increasing WFH trends suggest weak fundamentals”, in his view. 

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