SINGAPORE (Nov 13): Maybank Kim Eng is maintaining “buy” on Sasseur REIT with an unchanged 90-cent price target after the REIT manager on Monday declared higher-than-forecast DPU of 1.542 cents, outpacing the research house’s 3-40% growth forecasts for its four outlet malls.

Looking ahead, the research house expects the REIT’s strong growth sales momentum in 3Q18 to pick up into its seasonally-strongest 4Q going forward.

“We see steady improvement in occupancies on the back of stronger tenant sales growth,” says analyst Chua Su Tye in a Tuesday report.

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