DBS group research analysts Geraldine Wong and Derek Tan have maintained a “buy” call on Sasseur REIT with an increased target price of $1.10 from 89 cents previously.

They “reiterate [their] ‘buy’ call with a higher discount cash flow (DCF)-based target price of $1.10 after increasing their portfolio tenant sales growth from 3% to 5% and modelling interest rate savings of 120 basis points p.a. In the recent round of refinancing”, they write in a June 13 report. 

See also: DBS initiates 'buy' on Ho Bee Land with TP of $3.80

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