In a Monday report, analyst Andy Wong Teck Ching says, “This is below our expectations, as we had pencilled in a 5% increase in our assumptions.”
SINGAPORE (June 18): OCBC Investment Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) with a fair value estimate of 80 cents.
This follows SGREIT's June 8 announcement that the new base rent under the Toshin master lease, which is for a period of three years from June 8, 2019, remains unchanged from the existing rent.
