Sasseur REIT - UOB Kay Hian 2023-08-14: 2Q23 In Line; BUY For Recovery In Domestic Consumption

Sasseur REIT - 2Q23 In Line; BUY For Recovery In Domestic Consumption

Published:
Sasseur REIT (SGX:CRPU) | SGinvestors.ioSasseur REIT (SGX:CRPU)

Held back by depreciation of Chinese Renminbi.

  • EMA rental income increased 8.4% y-o-y to RMB155.4m in 2Q23. Fixed component increased 3% y-o-y while variable component surged 25% y-o-y in tandem with the rise in outlet sales of 24.1% y-o-y.
  • In Singapore Dollar terms, EMA rental income declined 0.5% y-o-y to S$29.5m as Chinese Renminbi depreciated 10.1% y-o-y against the Singapore Dollar.

Occupancy at all-time high.

  • - Read this at SGinvestors.io -

Sustained recovery from China’s reopening.

  • Read more at SGinvestors.io.




Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.




Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-08-14



Read also UOB's most recent report:
2024-05-15 Sasseur REIT - 1Q24 In Line.

Previous report by UOB:
2024-02-26 Sasseur REIT - Benefitting From Consumption Downgrade.

Price targets by other brokers at Sasseur REIT Target Prices.

Listing of research reports at Sasseur REIT Analyst Reports.

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





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