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

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 -

Sustained recovery from China’s reopening.

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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 @

Jonathan KOH CFA UOB Kay Hian Research | 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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