SPH REIT - CGS-CIMB Research 2022-01-07: A Brighter Year Ahead

SPH REIT - A Brighter Year Ahead

  • SPH REIT (SGX:SK6U)’s 1QFY22 (Sep 2021 to Nov 2021) business update showed resilient tenant sales. See SPH REIT's announcements.
  • Operating environment points towards a recovery.
  • We expect rental pressure to ease this year as we see fewer COVID-19 restrictions in 2022 versus 2021. Paragon is a reopening play.
  • Maintain ADD call on SPH REITwith unchanged DDM-based target price of S$1.03.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

EING Kar Mei CFA CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2022-01-07

Read also CGS-CIMB's most recent report:
2022-10-10 SPH REIT - Tenant Sales Normalizing.

Previous report by CGS-CIMB:
2022-07-07 SPH REIT - Awaiting More Catalysts.

Price targets by other brokers at SPH REIT Target Prices.
Listing of research reports at SPH REIT Analyst Reports.

Relevant links:
SPH REIT Share Price History,
SPH REIT Announcements,
SPH REIT Dividends & Corporate Actions,
SPH REIT News Articles

SGX Stock / REIT Search


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