Suntech SA

  • TickerSUN
  • ISINPLSNTCH00012
  • ExchangeWarsaw Stock Exchange
  • SectorSoftware & Computer Services
  • CountryPoland
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
Adrian Loh Tzum Yung ...
  • Singapore Research Team

Strategy - Z-Score: A testing time for Singapore stocks

A “black swan” event such as COVID-19 presents a testing time for Singapore stocks. We use Altman’s Z-score to look at companies at the bottom of the scale to see which of them face challenges, but conclude that while many appear to be in distress, insolvency is not a key risk due to strong balance sheets, decent interest coverage ratios and well-capitalised major shareholders. We continue to prefer high-yield stocks in the financial sector, telcos and selected REIT segments.

UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - 4Q19: CT, KREIT and SUN all in line; 1QFY20: FCT in line; 3QFY20: MCT and MINT both in line

CMT, FCT and MINT reported good results with DPU increasing 4.0%, 1.3% and 2.9% yoy respectively. CMT (BUY/Target: S$2.80) will morph into the largest S-REIT with its diversified exposures to office, retail and integrated developments. FCT (BUY/Target: S$3.05) aims to increase its market share in suburban retail, while MINT (BUY/Target: S$2.90) represents a play on data centre at a reasonable yield of 4.5%. Maintain OVERWEIGHT on the sector.

UOB
Adrian Loh Tzum Yung ...
  • Jonathan Koh
  • Loke Pei Hao

Singapore Daily - Thursday, January 23, 2020

KEY HIGHLIGHTS Strategy Wuhan Coronavirus – Contagion Effects: Market volatility is likely to continue in the near term with aviation, hospitality, gaming and retail potentially underperforming. Look to accumulate high-quality stocks on dips. Sector REITs: The quest for scale and resiliency. REITs: 4Q19: CT, KREIT and SUN all in line; 1QFY20: FCT in line; 3QFY20: MCT and MINT both in line. TRADERS’ CORNER Venture Corp (VMS SP): Trading Buy Singapore Tech Engineering (STE SP): Trading Buy

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
Adrian Loh Tzum Yung ...
  • Singapore Research Team

Strategy - Z-Score: A testing time for Singapore stocks

A “black swan” event such as COVID-19 presents a testing time for Singapore stocks. We use Altman’s Z-score to look at companies at the bottom of the scale to see which of them face challenges, but conclude that while many appear to be in distress, insolvency is not a key risk due to strong balance sheets, decent interest coverage ratios and well-capitalised major shareholders. We continue to prefer high-yield stocks in the financial sector, telcos and selected REIT segments.

UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - 4Q19: CT, KREIT and SUN all in line; 1QFY20: FCT in line; 3QFY20: MCT and MINT both in line

CMT, FCT and MINT reported good results with DPU increasing 4.0%, 1.3% and 2.9% yoy respectively. CMT (BUY/Target: S$2.80) will morph into the largest S-REIT with its diversified exposures to office, retail and integrated developments. FCT (BUY/Target: S$3.05) aims to increase its market share in suburban retail, while MINT (BUY/Target: S$2.90) represents a play on data centre at a reasonable yield of 4.5%. Maintain OVERWEIGHT on the sector.

UOB
Adrian Loh Tzum Yung ...
  • Jonathan Koh
  • Loke Pei Hao

Singapore Daily - Thursday, January 23, 2020

KEY HIGHLIGHTS Strategy Wuhan Coronavirus – Contagion Effects: Market volatility is likely to continue in the near term with aviation, hospitality, gaming and retail potentially underperforming. Look to accumulate high-quality stocks on dips. Sector REITs: The quest for scale and resiliency. REITs: 4Q19: CT, KREIT and SUN all in line; 1QFY20: FCT in line; 3QFY20: MCT and MINT both in line. TRADERS’ CORNER Venture Corp (VMS SP): Trading Buy Singapore Tech Engineering (STE SP): Trading Buy

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