UOB Kay Hian (UOBKH) is maintaining its ‘buy’ call on Suntec REIT at a revised target price of $1.75.

This is up 10 cents from its previous $1.65 call and is believed to give the counter a 19.9% upside from its $1.46 price on Oct 23, analysts Jonathan Koh and Loke Peihao say in a note.

The move follows the removal of the REIT’s equity fundraising in its 3Q2020 ended September.

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