SINGAPORE (Apr 3): CGS-CIMB Research is initiating coverage on Sasseur REIT (SASSR) with an “add” recommendation and a target price of 92 cents, representing a potential upside of 15%.
This values SASSR at 7.3% FY19F DPU yield, which the brokerage says is still above the average of its comparable peers in Singapore.
“We went to SASSR’s outlet malls and they were packed,” says lead analyst Lock Mun Yee in a Tuesday report, adding that Sasseur is “the first listed outlet mall REIT in Singapore which offers investors exposure to the most rapidly-growing part of the China retail value chain.”
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)