Analysts are mostly negative on Suntec REIT after the REIT reported a 14% y-o-y drop in its distribution per unit (DPU) for the 3QFY2023 ended Sept 30.
Suntec REIT
Price targets:
DBS Group Research ‘hold’ $1.10
Maybank Securities ‘hold’ $1.15
PhillipCapital ‘buy’ $1.47
Citi Research ‘sell’ $1.13
Higher funding costs
