SINGAPORE (Oct 14): SPH REIT saw its earnings for the FY19 ended August boosted by its two acquisitions in FY18 – The Rail Mall and Figtree Grove Shopping Centre. But analysts say this might not be enough for the REIT to earn a re-rating.
Following the release of its FY19 results on Oct 10, analysts from three brokerages – Maybank Kim Eng Research, OCBC Investment Research, and CGS-CIMB Research – are all keeping their “hold” recommendations on SPH REIT.
See: SPH REIT posts 2.1% increase in 4Q DPU to 1.46 cents
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