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Starhill Global REIT overvalued despite underlying sector recovery: Maybank

Michelle Zhu
Michelle Zhu4/27/2018 04:40 PM GMT+08  • 2 min read
Starhill Global REIT overvalued despite underlying sector recovery: Maybank
SINGAPORE (Apr 26): Maybank Kim Eng continues to rate Starhill Global REIT (SG REIT) at “sell” as it finds the units overvalued given a weak Singapore core, despite the underlying sector recovery.
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SINGAPORE (Apr 26): Maybank Kim Eng continues to rate Starhill Global REIT (SG REIT) at “sell” as it finds the units overvalued given a weak Singapore core, despite the underlying sector recovery.

The research house has further cut its price target estimate on SG REIT by 14% to 60 cents from 70 cents previously to factor in a reduction of FY18-19 DPU estimates by 7% on slower occupancies and rental assumptions, after the REIT’s 3Q18 DPU came in 8-10% below estimates.


See: Starhill Global REIT posts 7.6% drop in 3Q DPU to 1.09 cents

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