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Sasseur REIT gets 'buy' calls all around as China retail outlet malls sizzle

Stanislaus Jude Chan
Stanislaus Jude Chan11/20/2019 04:25 PM GMT+08  • 3 min read
Sasseur REIT gets 'buy' calls all around as China retail outlet malls sizzle
SINGAPORE (Nov 20): Analysts are unanimously bullish on Sasseur Real Estate Investment Trust (Sasseur REIT), as the China-focused retail outlet mall manager continues to shine.
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SINGAPORE (Nov 20): Analysts are unanimously bullish on Sasseur Real Estate Investment Trust (Sasseur REIT), as the China-focused retail outlet mall manager continues to shine.

Of the four brokerages covering Sasseur REIT, Maybank Kim Eng Research, UOB Kay Hian Research and DBS Group Research have “buy” recommendations on the counter, while CGS-CIMB Research has an “add” call.

For 3QFY2019 ended September, Sasseur REIT posted a 6.4% y-o-y increase in distribution per unit (DPU) to 1.640 cents. This was also 3.7% higher than the REIT’s initial public offering (IPO) projection.

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