KGI Research analyst Joel Ng has downgraded his call on Sasseur REIT to “neutral” as he expects a slower growth outlook in the 2HFY2021.

See: Sasseur REIT 2Q21 DPU rises 6.7% y-o-y to 1.614 cents and 'Add' Sasseur REIT as it's primed for a stronger 2H21

“We think [the REIT’s] risk-reward profile has become less attractive given Sasseur’s 14% year-to-date (y-t-d) unit price appreciation [which has largely priced in the recovery from the Covid-19 lows],” he writes in an Aug 19 report. “We also turn more cautious of China’s economic growth in 2HFY2021 given the regulatory-induced slowdown and the spread of the delta strain.”

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