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Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance

Felicia Tan
Felicia Tan10/13/2020 11:51 AM GMT+08  • 4 min read
Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance
Analysts from CGS-CIMB, DBS, OCBC and UOB Kay Hian have given "buy" calls on the counter.
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Following Suntec REIT’s $756 million acquisition of properties in London on Oct 8, analysts at CGS-CIMB, DBS Group Research and OCBC Investment Research have maintained their “add” or “buy” calls.


See: Suntec REIT diversifies into UK with $756 million acquisition of London properties

Chong Kee Hiong, the CEO of Suntec REIT’s manager says that the move is a “strategic fit” to the REIT’s existing portfolio in Singapore and Australia.

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