As such, the brokerage is keeping its “buy” recommendation on SPH REIT, with a higher target price of $1.07, raised from $1.04 previously.
SINGAPORE (Oct 10): SPH REIT put in another resilient performance in the fourth quarter despite a muted retail environment. But analysts say the REIT could get an earnings boost from a possible acquisition.
“The Seletar Mall acquisition is around the corner,” says DBS Group Research lead analyst Derek Tan in a Tuesday report. He expects SPH REIT to complete the acquisition of The Seletar Mall from its sponsor in 2019.
