SINGAPORE (Jul 1): RHB analyst Vijay Natarajan is maintaining his “buy” call on Suntec REIT with an unchanged target price of $1.78, which represents a 26% upside on the stock.

The recommendation comes on the back of expected improved organic income from 2H due to the REIT’s newly completed developments, as well as an attractive valuation.

“Suntec REIT remains our preferred office/retail pick on valuation grounds and expected improvement in operational numbers,” noted Natarajan in a report on Wednesday.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook