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Sasseur REIT started at 'buy' on exposure to China's fast growing outlet mall industry

Samantha Chiew
Samantha Chiew9/18/2018 01:23 PM GMT+08  • 2 min read
Sasseur REIT started at 'buy' on exposure to China's fast growing outlet mall industry
SINGAPORE (Sept 18): DBS is initiating coverage on Sasseur REIT with a “buy” recommendation and a target price of 91 cents.
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SINGAPORE (Sept 18): DBS is initiating coverage on Sasseur REIT with a “buy” recommendation and a target price of 91 cents.

Sasseur REIT is the first Singapore REIT (S-REIT) with exposure to the fast growing Chinese outlet mall industry, which is expected to grow at a CAGR of 24% between 2016-2021.

Initially, the REIT’s portfolio consists of four outlet malls in China, namely in Chongqing, Bishan,, Hefei and Kunming.

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