Stock Name: Suntec Reit
Company Name: SUNTEC REAL ESTATE INV TRUST
Company Name: SUNTEC REAL ESTATE INV TRUST
| Research House: UOB KayHian | Price Call: HOLD | Target Price: 2.08 |
SINGAPORE (Jan 23): UOB Kay Hian is downgrading its "hold" call on Suntec REIT with a higher target price of $2.08 from $2.05 previously.
In a report today by analyst Vikrant Pandey, UOB sees limited upside in the REIT after the 26% yoy surge in its share price.
Management has also noted the challenging operating environment for the retail segment that resulted in a qoq drop in Suntec Mall's overall committed rents.
In the latest 4Q14, Suntec REIT reported a DPU of 2.557 cents, up 0.6% from a year ago and up 0.8% from the previous quarter.
