Suntec Real Estate Investment Trust (Suntec REIT)

Company in the news

Suntec REIT makes capital injection of $40 mil into entitles of Suntec Singapore International Convention and Exhibition Centre

ARA Trust Management, the manager of Suntec REIT says that Suntec REIT’s wholly-owned subsidiary, Suntec Harmony, has subscribed for new ordinary shares in Harmony Investors Group (HIGL) for a subscription amount of $40 million.

Broker's Calls

'Buy' Suntec REIT on expected better 2H with new developments in Singapore and Australia: RHB

SINGAPORE (Jul 1): RHB analyst Vijay Natarajan is maintaining his “buy” call on Suntec REIT with an unchanged target price of $1.78, which represents a 26% upside on the stock.

Broker's Calls

937 Brokers' Digest

Here are three stocks to watch for the week: Food Empire, Dairy Farm International, and Suntec REIT.

Broker's Calls

Suntec REIT prospects to rebound as workers return to the office

DBS Research Group encourages investors to ride the Suntec REIT wave as circuit breakers slowly begin to lift.

Covid-19 hurts Suntec REIT's earnings but substantial owners Tang and Yang load up

Two of Suntec Real Estate Investment Trust’s (Suntec REIT) substantial shareholders have spent around $16.3 million to scoop up sizeable stakes in the REIT earlier this month.

Broker's Calls

Suntec REIT kept at 'buy' as stable office portfolio buoys sluggish retail operations: CGS-CIMB

Despite the gloomy outlook, CGS-CIMB reiterates its “buy” call at a lower target price of $1.75, slashed from its previous $2.13, despite the REIT performing “below expectations at 18.2% of its FY2020 forecast”.

Investing ideas

Suntec REIT top commercial sector pick; poised for turnaround in 2020, says RHB

Singapore (Jan 3): 2019 had not been kind to Suntec Real Estate Investment Trust (Suntec REIT). But RHB Group Research believes 2020 could well be a turnaround year for the REIT.

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

Results

Suntec REIT reports 5.1% drop in 3Q DPU to 2.365 cents on lower capital distribution

SINGAPORE (Oct 23): The manager of Suntec Real Estate Investment Trust (Suntec REIT) has announced distribution per unit (DPU) of 2.365 cents for the 3Q19 ended September, some 5.1% lower than DPU of 2.491 cents in 3Q18.

Broker's Calls

Suntec REIT remains CGS-CIMB top pick in SREIT space on overhang removal

SINGAPORE (July 2): CGS-CIMB Research is maintaining Suntec REIT as one of its top picks in the SREIT space.
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