Suntec REIT kept at 'hold' by UOB after coming in line with expectations
Michelle Zhu • • 2 min read
SINGAPORE (July 26): UOB KayHian is keeping a “hold” call on Suntec REIT with a target price of $1.90 based on its dividend discount model (DDM), pending more details after the analyst briefing.
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SINGAPORE (July 26): UOB KayHian is keeping a “hold” call on Suntec REIT with a target price of $1.90 based on its dividend discount model (DDM), pending more details after the analyst briefing.
This comes after the REIT manager posted marginally lower 2Q DPU of 2.493 cents which is in line with the research house’s expectations with 1H17 DPU representing 48.2% of its full-year forecast.
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