Suntec Real Estate Investment Trust (Suntec REIT)

Broker's Calls

Suntec REIT supported by rental assistance, Australia acquisitions: OCBC

Suntec REIT is “feeling the pinch” of the Covid-19 outbreak and circuit breaker measures in Singapore, says the OCBC Investment Research team in a July 23 report, with its retail and conv

Results

Suntec REIT posts 35.1% fall in 2Q20 DPU to 1.53 cents

The manager of Suntec REIT has announced a 35.1% drop in distribution per unit (DPU) to 1.53 cents for the 2Q20 ended June, from the DPU of 2.361 cents a year ago.

Company in the news

Suntec REIT makes capital injection of $40 mil into entitles of Suntec Singapore International Convention and Exhibition Centre

SINGAPORE (July 1): ARA Trust Management, the manager of Suntec REIT says that Suntec REIT’s wholly-owned subsidiary, Suntec Harmony, has subscribed for new ordinary shares in Harmony Investors Gro

Broker's Calls

'Buy' Suntec REIT on expected better 2H with new developments in Singapore and Australia: RHB

SINGAPORE (Jul 1): RHB analyst Vijay Natarajan is maintaining his “buy” call on Suntec REIT with an unchanged target price of $1.78, which represents a 26% upside on the stock.

Broker's Calls

937 Brokers' Digest

Food Empire
Price target:

RHB “Buy” 75 cents

Strengthening Ruble to help lift coffee maker’s earnings

Broker's Calls

Suntec REIT prospects to rebound as workers return to the office

SINGAPORE (June 9): With Phase 2 reopening of Singapore’s “circuit breaker” measures anticipated to take place earlier than expected, DBS Group Research analysts Rachel Tan and Derek Tan have reite

Insider moves

Covid-19 hurts Suntec REIT's earnings but substantial owners Tang and Yang load up

SINGAPORE (May 22): Two of Suntec Real Estate Investment Trust’s (Suntec REIT) substantial shareholders have spent around $16.3 million to scoop up sizeable stakes in the REIT earlier this month.

Investing ideas

Suntec REIT top commercial sector pick; poised for turnaround in 2020, says RHB

Singapore (Jan 3): 2019 had not been kind to Suntec Real Estate Investment Trust (Suntec REIT). But RHB Group Research believes 2020 could well be a turnaround year for the REIT.

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1).

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