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

Atiqah Mokhtar
Atiqah Mokhtar7/23/2021 6:9 PM GMT+08  • 2 min read
Analysts stay positive on Suntec REIT as 1HFY21 DPU meets expectations
UOB Kay Hian raised its target price for Suntec REIT to $1.78.
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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.

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