Natarajan's optimism is based on how the REIT, which is 70% exposed to Singapore, will benefit from falling domestic rates and economic recovery.
Vijay Natarajan of RHB Bank Singapore has maintained his "buy" call on Starhill Global REIT, calling it an "undervalued midcap" counter that has delivered stable distribution per unit in recent years despite "market challenges".
With prospects of higher DPU ahead, he has raised his target price from 55 cents to 60 cents.
