Equity Analysis /
Singapore

SG : Suntec REIT - Recovery in sight

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    27 July 2022
    Published byCGS-CIMB

    1H22 DPU of 4.81 Scts is slightly below our estimates, but in line with street. Robust office performance; retail and convention segments turning around. Upgrade to Add from Hold with an unchanged TP of S$1.79.