Welcome!
Home 9 Penang Road
Broker's Calls
Suntec REIT unlocks value and lowers gearing with 9 Penang Road divestment: analysts
“The sale is in line with SUN’s active portfolio management strategy in a bid to improve its financial flexibility."
June 17, 2021
REITs
Suntec REIT divests stake in 9 Penang Road property for $295.5 mil
The commercial building was developed through a JV between Suntec REIT, Singhaiyi Group and Haiyi Holdings.
June 16, 2021
Broker's Calls
DBS keeps Suntec REIT at 'buy' on securing UBS as sole tenant for 9 Penang Road
SINGAPORE (Apr 18): DBS Group Research continues to rate Suntec REIT a “buy” with a target price of $2.12.
April 18, 2019
Broker's Calls
Better outlook, but retail environment to remain challenging for Suntec REIT
SINGAPORE (Jan 26): OCBC Investment Research has upgraded its call on Suntec REIT from “sell” back to “hold” and raised its fair value estimate to $1.54 from $1.53 previously, after incorporating the REIT’s full-year results into its model.
January 26, 2017
Property
SingHaiyi unveils design for new Grade A commercial building at 9 Penang Road
SINGAPORE (Jan 25): SingHaiyi Group property group has revealed its new Grade A commercial building at 9 Penang Road which is designed by P&T Group.
January 25, 2017