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UOBKH keeps “buy” rating on Suntec REIT with new reopening and redevelopment projects

Chloe Lim
Chloe Lim4/19/2022 11:03 AM GMT+08  • 2 min read
UOBKH keeps “buy” rating on Suntec REIT with new reopening and redevelopment projects
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UOB Kay Hian analyst Jonathan Koh has kept his “buy” rating on Suntec REIT along with an increased target price of $1.88 from $1.74.

Suntec REIT owns a portfolio of assets which, besides Suntec City also includes stakes in parts of One Raffles Quay, Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.

According to Koh, Suntec City, which has both retail and office space, has received more queries from multinational companies inclined to relocate their regional headquarters from Hong Kong to Singapore.

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