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Sasseur Real Estate Investment Trust (Sasseur REIT)
New appointments
Sasseur REIT appoints Cecilia Tan as new CEO of the manager
Tan is presently the senior strategic adviser to the group’s chairman Vito Xu
May 21, 2021
Broker's Calls
Analysts recommend investors 'buy' Sasseur REIT on improving tenant sales
Units in Sasseur REIT closed 0.5 cent higher or 0.6% up at 80 cents on Nov 19.
November 19, 2020
Results
Sasseur REIT's 2Q20 DPU falls 6% to 1.512 cents, says business recovery is 'firmly underway'
This brings the REIT’s 1H20 DPU to 2.846 cents, some 12% lower than the DPU of 3.264 cents in 1H19.
August 14, 2020
Broker's Calls
Retail REITs 'poised for recovery' on gradual retail outlets reopening: DBS
As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings.
June 03, 2020
Results
Sasseur REIT posts 19.4% drop in 1Q20 DPU to 1.334 cents
Total outlet sales for 1Q20 fell 55.7% to RMB 534.5 million (S$106.8 million), due to the operational disruptions and temporary closures arising from the Covid-19 pandemic.
May 14, 2020
Broker's Calls
Brokers' Digest 929
Frasers Centrepoint Trust, Sasseur REIT and Oxley Holdings are among the stocks to watch this week.
April 17, 2020
Broker's Calls
Pent-up demand drives optimism for Sasseur REIT as outlet malls reopen
All four outlet malls in Sasseur REIT’s portfolio reopened around mid-March. And shoppers have come flocking back.
April 14, 2020
Covid-19
Sasseur REIT's Kunming, Hefei outlet malls get green light to reopen
Units in Sasseur REIT are trading some 20.7% lower than its recent peak of 92 cents on Jan 17, before the coronavirus fallout.
March 10, 2020
Broker's Calls
Sasseur REIT promising despite 18.5% drop in 4Q DPU to 1.629 cents
Can Sasseur REIT bounce back from the temporary closure of its retail outlet malls in China due to the Covid-19 situation?
February 23, 2020
Investing ideas
Sasseur REIT pares losses after kneejerk reaction to outlet closures
Will Sasseur REIT bounce back from the temporary closure of all four of its retail outlet malls in China amid the Wuhan coronavirus outbreak?
January 29, 2020