Stock Name: SuntecReit
Company Name: SUNTEC REAL ESTATE INV TRUST
Company Name: SUNTEC REAL ESTATE INV TRUST
| Research House: CIMB | Price Call: SELL | Target Price: 1.18 |
Shares of Singapore-listed rubber firm GMG Global (GMGG.SI) opened 4.3% lower on Thursday after it said it plans to raise $349.4 million through a sharply discounted rights issue.
At 9:01 a.m., shares of GMG were traded at $0.225 with over 2.7 million shares changing hands.
CIMB Research cut its share-price target on Singapore’s Suntec Real Estate Investment Trust (REIT) (SUNT.SI), which owns office and retail properties, to $1.18 from $1.38, and kept its underperform rating.
At 9:01 a.m., shares of GMG were traded at $0.225 with over 2.7 million shares changing hands.
CIMB Research cut its share-price target on Singapore’s Suntec Real Estate Investment Trust (REIT) (SUNT.SI), which owns office and retail properties, to $1.18 from $1.38, and kept its underperform rating.
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