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Growth outlook sluggish for Suntec REIT

Samantha Chiew
Samantha Chiew10/30/2017 11:33 AM GMT+08  • 3 min read
Growth outlook sluggish for Suntec REIT
SINGAPORE (Oct 30): Suntec REIT announced its 3Q18 results and posted a 2.1% decrease in DPU to 2.483 cents compared to 2.535 cents in 3Q16, due to an enlarged units base which included 95.7 million new units issued in May.
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SINGAPORE (Oct 30): Suntec REIT announced its 3Q18 results and posted a 2.1% decrease in DPU to 2.483 cents compared to 2.535 cents in 3Q16, due to an enlarged units base which included 95.7 million new units issued in May.

Following the announcement, CIMB continues to recommend investors to “reduce” on Suntec REIT with an increased target price of $1.83.


See: Suntec REIT announces 2.1% lower 3Q DPU of 2.483 cents; 1.1 mil units traded

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