Home Capital Broker's Calls

Suntec REIT offers ‘good value’, but not enough to win this brokerage’s favour

Michelle Zhu
Michelle Zhu4/26/2017 04:37 PM GMT+08  • 2 min read
Suntec REIT offers ‘good value’, but not enough to win this brokerage’s favour
SINGAPORE (April 26): Maybank Kim Eng Research is maintaining its “hold” call on Suntec REIT with an unchanged price target of $1.76, even as the trust registered 2.3% higher distribution per unit (DPU) at 2.425 cents this morning for the first quarte
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (April 26): Maybank Kim Eng Research is maintaining its “hold” call on Suntec REIT with an unchanged price target of $1.76, even as the trust registered 2.3% higher distribution per unit (DPU) at 2.425 cents this morning for the first quarter ended March 31.

(See also: Suntec REIT posts 2.3% rise in DPU to 2.425 cents)

Despite acknowledging resilient signing rents, high committed occupancy at the Suntec City Offices, as well as lower exposure to office headwinds, analyst Derrick Heng highlights the implications of a potential conversion of bonds into shares, due to the recent announcement of the change in ownership at ARA asset management.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.