Starhill Global REIT (SGREIT)

Malls are seeing encouraging recovery, say CGS-CIMB analysts.

Starhill Global REIT gets an upgrade despite soft retail scene in Singapore

SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represent

SINGAPORE (June 18): OCBC Investment Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) with a fair value estimate of 80 cents.

SINGAPORE (May 7): Singaporeans aren’t spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners.

SINGAPORE (Apr 29): Starhill Global REIT (SGREIT) posted 3Q19 DPU of 1.10 cents, 0.9% higher y-o-y.

SINGAPORE (Nov 1): The manager of Starhill Global REIT posted a 1Q19 DPU of 1.15 cents, 4.2% lower than 1.20 cents in 1Q18.

SINGAPORE (Oct 16): RHB is reiterating its “overweight” rating on Singapore REITs (SREITs), as it believes that selective SREITs still offer value for investors, despite lingering concerns over rising interest rates.

SINGAPORE (Jan 30): Analysts are keeping their less-than-bullish stance on Starhill Global REIT (SGREIT) following its weak set of results – as expected – for 2Q18.