Can Suntec REIT count on improving retail revenue to drive its earnings up?

SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.

In contrast, DBS is maintaining its “buy” on the REIT with a target of $2.30 while OCBC is upgrading its call to “hold” from “sell" with a fair value of $1.84 and CIMB is upgrading the REIT to “add” from “hold” with $2.12 target.