As Singaporeans return to the workplace following the recent relaxation of safe management measures, RHB Group Research analyst Vijay Natarajan believes Suntec REIT will see a boost in demand for its assets.

He maintained his ‘buy’ call for the counter with an unchanged target price of $1.79 in an April 15 research note, translating to 14% upside and 6% FY2021 ending December yield.

The government lifted the maximum percentage of staff allowed to return to the office from 50% to 75% beginning April 5, with split teams no longer mandatory.

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