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Home / Capital / Brokers Calls

Analysts stay positive on Suntec REIT as 1HFY21 DPU meets expectations

Broker's Calls

Analysts stay positive on Suntec REIT as 1HFY21 DPU meets expectations

Atiqah Mokhtar Published on Fri, Jul 23, 2021 / 6:09 PM GMT+8

Analysts from CGS-CIMB and UOB Kay Hian remain upbeat on Suntec REIT after it reported 1HFY2021 ended June DPU of 4.154 cents on July 22, in line with their expectations.

See also: Suntec REIT posts 14.6% higher distributable income of $118.2 mil for 1HFY21

UOB Kay Hian has kept its “buy” call for the counter with a higher target price of $1.78, up from $1.72 previously, while CGS-CIMB has kept its “add” call and target price of $1.79 unchanged.