SINGAPORE (Oct 28): OCBC is keeping its “buy” call on Starhill Global REIT with 93 cents fair value after it reported its 1QFY16 results which met the bank’s expectations.

“We like SGREIT for its healthy valuations... Its financial position also remains strong, with a gearing ratio of 35.7%. 100% of its debt has been fixed/hedged,” says lead analyst Andy Wong in a Wednesday report.

To recap, SGREIT recorded a 16.8% jump in gross revenue to $56.8 million from a year ago which formed 25% of the bank’s FY16 forecast.

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