Sasseur REIT - Phillip Securities 2024-05-15: FY24e Sales Will Be Driven By Promotional Events

Sasseur REIT - FY24e Sales Will Be Driven By Promotional Events

Sasseur REIT (SGX:CRPU) | SGinvestors.ioSasseur REIT (SGX:CRPU)
  • Sasseur REIT (SGX:CRPU)'s 1Q24 rental income in S$ terms was within expectations at 25% of our FY24e estimates (S$32.6mil, -1.4% y-o-y, +1.2% y-o-y in RMB), representing a S$0.5mil y-o-y decrease due to the weakening RMB against the S$ by 2.5%.
  • - Read this at -
  • We reiterate our BUY recommendation with an unchanged DDM target price of S$0.87. FY24e – FY25e DPU forecast for Sasseur REIT is lowered by 1% to 6.31-6.67 Singapore cents after factoring in a weaker RMB against the Singapore dollar.
  • Sasseur REIT has changed to a half-yearly dividend distribution.

The Positive

Raising VIP member base.

  • - Read this at -

The Negative

Outlet sales slid by 2.6% y-o-y to RMB 1258.7mil

  •

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 @

Liu Miao Miao Phillip Securities Research | 2024-05-15

Previous report by Phillip:
2024-02-22 Sasseur REIT - Resilient Balance Sheet & Low Onshore Rate.

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


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁