Suntech SA

  • TickerSUN
  • ISINPLSNTCH00012
  • ExchangeWarsaw Stock Exchange
  • SectorSoftware & Computer Services
  • CountryPoland
UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - S-REITs Bi-Weekly (1-15 Sep 20)

S-REITs gained 0.8% during 1-15 Sep 20. S-REITs embarking on yield-accretive acquisitions, such as CERT, FCT, KREIT and MINT, led the gainers. The COVID-19 pandemic has helped these S-REITs acquire properties at lower prices and higher NPI yields. Lower interest rates have also reduced their cost of debt. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$3.10), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.40).

UOB
Jacquelyn Yow Hui Li ...
  • Jonathan Koh
  • Leow Huey Chuen
  • Loke Pei Hao

Singapore Daily - Thursday, September 17, 2020

KEY HIGHLIGHTS Sector REITs: S-REITs Bi-weekly (1-15 Sep 20). AT A GLANCE Corporate Wilmar International (WIL SP/BUY/Target: S$5.35): YKA receives final registration approval for listing on the SZSE ChiNext board. TRADERS’ CORNER Far East Hospitality Trust (FEHT SP): Trading Buy ComfortDelGro Corp (CD SP): Trading Buy

UOB
Jonathan Koh ...
  • Loke Pei Hao

SG REITs - S-REITs bi-Weekly (16-31 Aug 20)

S-REITs gained marginally by 0.3% during 16-31 Aug 20. We saw many recovery plays, such as retail REITs (FCT, LREIT, MAGIC and CT) and hospitality REITs (FEHT and ARAUS), among the top gainers. Conversely, industrial REITs (FLT, MINT and AREIT) have lost some momentum. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$2.90), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.30).

UOB
Jonathan Koh ...
  • Loke Pei Hao

Suntec REIT (SUN SP) - 1Q20: Convention activities affected by COVID-19 pandemic

SUN reported 1Q20 DPU of 1.760 S cents (-27.7% yoy). Distributable income from operations was S$55.1m in 1Q20 and lower by 6.5% yoy, due to the impact of the COVID-19 outbreak.

UOB
John Cheong Ming Chern ...
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Loke Pei Hao

Singapore Daily - Thursday, April 23, 2020

KEY HIGHLIGHTS Results Keppel REIT (KREIT SP/BUY/S$0.99/Target: S$1.30): 1Q20: Sincere commitment to provide stable DPU. Parkway Life REIT (PREIT SP/BUY/S$3.33/Target: S$3.78): 1Q20: Buffer set aside for rainy days; sound financial management. Small/Mid Cap Highlights Jumbo Group (JUMBO SP/HOLD/S$0.245/Target: S$0.23): Severely hit by COVID-19 outbreak. AT A GLANCE Corporate Suntec REIT: 1Q20: Convention activities affected by COVID-19 pandemic. TRADERS’ CORNER Singapore Telecommunications (ST SP): Trading Buy Venture Corp (VMS SP): Trading Buy

UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - S-REITs Bi-Weekly (1-15 Sep 20)

S-REITs gained 0.8% during 1-15 Sep 20. S-REITs embarking on yield-accretive acquisitions, such as CERT, FCT, KREIT and MINT, led the gainers. The COVID-19 pandemic has helped these S-REITs acquire properties at lower prices and higher NPI yields. Lower interest rates have also reduced their cost of debt. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$3.10), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.40).

UOB
Jacquelyn Yow Hui Li ...
  • Jonathan Koh
  • Leow Huey Chuen
  • Loke Pei Hao

Singapore Daily - Thursday, September 17, 2020

KEY HIGHLIGHTS Sector REITs: S-REITs Bi-weekly (1-15 Sep 20). AT A GLANCE Corporate Wilmar International (WIL SP/BUY/Target: S$5.35): YKA receives final registration approval for listing on the SZSE ChiNext board. TRADERS’ CORNER Far East Hospitality Trust (FEHT SP): Trading Buy ComfortDelGro Corp (CD SP): Trading Buy

UOB
Jonathan Koh ...
  • Loke Pei Hao

SG REITs - S-REITs bi-Weekly (16-31 Aug 20)

S-REITs gained marginally by 0.3% during 16-31 Aug 20. We saw many recovery plays, such as retail REITs (FCT, LREIT, MAGIC and CT) and hospitality REITs (FEHT and ARAUS), among the top gainers. Conversely, industrial REITs (FLT, MINT and AREIT) have lost some momentum. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$2.90), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.30).

UOB
Jonathan Koh ...
  • Loke Pei Hao

Suntec REIT (SUN SP) - 1Q20: Convention activities affected by COVID-19 pandemic

SUN reported 1Q20 DPU of 1.760 S cents (-27.7% yoy). Distributable income from operations was S$55.1m in 1Q20 and lower by 6.5% yoy, due to the impact of the COVID-19 outbreak.

UOB
John Cheong Ming Chern ...
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Loke Pei Hao

Singapore Daily - Thursday, April 23, 2020

KEY HIGHLIGHTS Results Keppel REIT (KREIT SP/BUY/S$0.99/Target: S$1.30): 1Q20: Sincere commitment to provide stable DPU. Parkway Life REIT (PREIT SP/BUY/S$3.33/Target: S$3.78): 1Q20: Buffer set aside for rainy days; sound financial management. Small/Mid Cap Highlights Jumbo Group (JUMBO SP/HOLD/S$0.245/Target: S$0.23): Severely hit by COVID-19 outbreak. AT A GLANCE Corporate Suntec REIT: 1Q20: Convention activities affected by COVID-19 pandemic. TRADERS’ CORNER Singapore Telecommunications (ST SP): Trading Buy Venture Corp (VMS SP): Trading Buy

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