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Suntec Real Estate Investment Trust (Suntec REIT)
Broker's Calls
RHB lowers Suntec REIT’s TP, but still keeps 'buy' call as REIT is deemed 'oversold' on rate hikes
The REIT is trading at 0.7x P/BV – a stark contrast from the high premium paid in Singapore office transactions in the market
July 19, 2022
Broker's Calls
UBS downgrades Suntec REIT to 'sell' due to 'unattractive' risk-reward profile
UBS analyst Michael Lim has also lowered his target price on Suntec REIT to $1.52 from $1.70 previously.
June 23, 2022
Broker's Calls
Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS
The analysts estimate that the STI will be trading between support at 3,200 to 3,250 points with near-term resistance at 3,408.
May 06, 2022
Broker's Calls
CGS-CIMB downgrades Suntec REIT to 'hold'; other analysts mixed
CGS-CIMB and Citi have rated Suntec REIT at 'hold' or 'neutral', while Maybank and RHB have kept their 'buy' calls.
April 27, 2022
Results
Suntec REIT reports DPU of 2.391 cents for 1QFY2022, up 16.9% y-o-y
Unitholders will receive their distributions on May 30, with the ex-date being May 5.
April 26, 2022
Broker's Calls
S-REIT DPUs expected to grow 12% y-o-y in FY2022; office REITs preferred: Maybank Securities
Maybank has also upgraded Suntec REIT to “buy” with a TP of $1.80 based on its leverage to Singapore’s reopening.
March 12, 2022
Results
Suntec REIT reports DPU of 4.512 cents for 2HFY2021, up 9.8% y-o-y
For the FY2021, Suntec REIT’s DPU stood at 8.666 cents, up 17.1% y-o-y.
January 26, 2022
Broker's Calls
A bumpy ride ahead for S-REITS: RHB
Both opportunities and risks are present for S-REITs in 2022, RHB says.
January 21, 2022
Broker's Calls
Analysts up Suntec REIT's TP estimate following latest divestment and acquisition of prime London office
CGS-CIMB has upped its TP to $1.79, while RHB has increased its TP to $1.76.
July 01, 2021
REITs
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil
The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).
June 30, 2021