Suntec Real Estate Investment Trust (Suntec REIT)

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.

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.

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

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

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.

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”.

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.

(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

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.

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