Suntec REIT - Phillip Securities 2023-09-11: The Discounted Gem

Suntec REIT - The Discounted Gem

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Suntec REIT (SGX:T82U) | SGinvestors.ioSuntec REIT (SGX:T82U)
  • Suntec REIT's 1H23 revenue rose 10.2% y-o-y driven by strong rental reversion of Singapore assets (+17.5% y-o-y for Suntec City Mall, +10.8% y-o-y for office portfolio). Revenue for Suntec Convection surged 95.2% y-o-y and is expected to be back to pre-COVID level in FY24e.
  • - Read this at SGinvestors.io -
  • We initiate coverage with a BUY recommendation on Suntec REIT with a DDM-based target price of S$1.47 and an annual dividend yield of 5.64% under the current Suntec REIT's share price.
  • - Read this at SGinvestors.io -

About Suntec REIT

  • Read more at SGinvestors.io.




Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.




Liu Miao Miao Phillip Securities Research | https://www.stocksbnb.com/ 2023-09-11



Price targets by 5 other brokers at Suntec REIT Target Prices.

Listing of research reports at Suntec REIT Analyst Reports.

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





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