Analysts are divided over the future of Suntec REIT as three different brokerages gave three different ratings on the stock. 

Maybank Kim Eng analyst Chua Su Tye was the most bearish on the stock, maintaining a “sell” rating and a target price of $1.19. 

Chua said in his note that he expects “further deterioration ahead” for the REIT, noting while retail recovery gained pace in 4QFY2020, rising office vacancy due to increasing WFH trends suggest ‘weak fundamentals’ into FY2021.

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