- Suntec REIT's share price has rallied 16.1% since 31 Jul 2024 (as at 19 Sep close), outperforming the FSTREI’s 9.8% increase during the same period.
- Although S-REITs with a higher proportion of floating rate debt such as Suntec REIT could be the first to benefit from the Federal Reserve’s (Fed) rate cut cycle due to an uplift in investor sentiment as the strain of higher rates on their balance sheets are eased, there are risks of a rebound in the 10Y US Treasury (UST) yields, depending on the outcome of US presidential elections, in our view.
Operational performance needs to improve to sustain share price movement
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Might not see significant immediate benefits to rate cuts from a financial standpoint
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-09-20
Read also OCBC's most recent report:
2024-10-28 Suntec REIT - Balance Sheet Metrics Unlikely To Improve In Near Term.
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
