Suntec REIT May Unlock Value With Hongkong Land as Shareholder -- Market Talk

Dow Jones04-24 13:31

0531 GMT - Suntec REIT may undergo value-unlocking with Hongkong Land as a shareholder, RHB Research's Vijay Natarajan says in a research report. Hongkong Land acquired a 11% stake in the REIT in March at a substantial premium to prior day's closing price, indicating confidence in the REIT's intrinsic value, the analyst says. This move coincides with the REIT's new sponsor unveiling a strategic review that aims at strengthening portfolio performance and enhancing capital efficiency. RHB Research increases its 2026 and 2027 distribution-per-unit estimates for the REIT by 4% and 3%, respectively, to partly reflect lower finance cost assumptions. It raises the unit's target price to S$1.72 from S$1.67 with an unchanged buy rating. Units are 1.3% higher at S$1.51. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 01:31 ET (05:31 GMT)

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This move coincides with the REIT's new sponsor unveiling a strategic review that aims at strengthening portfolio performance and enhancing capital efficiency. RHB Research increases its 2026 and 2027 distribution-per-unit estimates for the REIT by 4% and 3%, respectively, to partly reflect lower finance cost assumptions. It raises the unit's target price to S$1.72 from S$1.67 with an unchanged buy rating. Units are 1.3% higher at S$1.51. 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This move coincides with the REIT's new sponsor unveiling a strategic review that aims at strengthening portfolio performance and enhancing capital efficiency. RHB Research increases its 2026 and 2027 distribution-per-unit estimates for the REIT by 4% and 3%, respectively, to partly reflect lower finance cost assumptions. It raises the unit's target price to S$1.72 from S$1.67 with an unchanged buy rating. Units are 1.3% higher at S$1.51. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 01:31 ET (05:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"8C8U.SI","symbol_name":"Cent Accom REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629489475","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629489475","pubTimestamp":1777008660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0531 GMT - Suntec REIT may undergo value-unlocking with Hongkong Land as a shareholder, RHB Research's Vijay Natarajan says in a research report. 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