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CGS-CIMB sees 'brighter prospects' for SPH REIT, while Maybank Kim Eng sees the REIT’s recovery as 'slow'

Felicia Tan
Felicia Tan7/16/2021 10:4 AM GMT+08  • 3 min read
CGS-CIMB sees 'brighter prospects' for SPH REIT, while Maybank Kim Eng sees the REIT’s recovery as 'slow'
CGS-CIMB has kept 'add' on SPH REIT while Maybank Kim Eng has maintained 'hold'.
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Analysts from CGS-CIMB Research and Maybank Kim Eng are mixed on SPH REIT upon the release of its results for the 3QFY2021 ended June.

On July 12, the REIT reported distribution per unit (DPU) of 1.38 cents for the quarter, 11.3% higher q-o-q, due to retained income from the 1HFY2021.

On this, CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have maintained “add” on the REIT with an unchanged target price of $1.06 as they see “brighter prospects” ahead.

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