Following the REIT’s business update, CGS-CIMB Research analyst Lock Mun Yee has downgraded her recommendation to “hold” from “add” previously with an unchanged target price of $1.79.
Analysts are mixed on Suntec REIT’s prospects after the REIT reported higher distribution per unit (DPU) and revenue for the 1QFY2022 ended March.
On April 26, the REIT reported DPU of 2.391 cents for the 1QFY2022, up 16.9% y-o-y.
