Equity Analysis /
Singapore

SG : Parkway Life REIT - Stability priced in

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    25 April 2022
    Published byCGS-CIMB

    1Q22 revenue/NPI were in line at 24%/24.3% of our FY22F forecasts. Stronger Singapore and Japan contributions due to organic and acquisition growth. Downgrade to Hold with an unchanged TP of S$5.05.