Home Capital Broker's Calls

Citi starts coverage of Sasseur REIT at 'buy' with 92 cents target price

PC Lee
PC Lee6/20/2018 03:53 PM GMT+08  • 2 min read
Citi starts coverage of Sasseur REIT at 'buy' with 92 cents target price
SINGAPORE (June 20): Citi Research is starting coverage of Sasseur REIT at “buy” with a target price of 92 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 20): Citi Research is starting coverage of Sasseur REIT at “buy” with a target price of 92 cents.

Sasseur REIT’s initial portfolio comprises four retail outlet malls in three cities – two in Chongqing and one each in Hefei and Kunming – with total GFA of 371,603 sqm and NLA of 304,573 sqm.

“We think current valuation at 9.7% FY19 dividend yield is attractive considering the risk profile,” says lead analyst Griffin Chan in a Monday report.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now