CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have kept “add” on SPH REIT as they see several positive re-rating factors going on for the REIT.

The REIT’s Paragon Shopping Centre is the largest listed mall along the Orchard shopping belt. The mall stands to be a beneficiary of the easing Covid-19 restrictions and the reopening of Singapore’s borders.

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