Suntec REIT Could Get New Potential Buyer -- Market Talk

Dow Jones
03/25

0326 GMT - Suntec REIT could be getting a new potential buyer, with Hongkong Land having acquired a 10.8% stake this month, UOB Kay Hian's Jonathan Koh says in a research report. Hongkong Land is likely attracted to the REIT's trading at a large 20%-30% discount to net asset value per unit of S$2.03, the analyst says. Expansion in Singapore would help Hongkong Land reduce its risk of being overly exposed to commercial real estate in Hong Kong and China. The emergence of a potential acquirer with deep pockets could offer an uplift and positive momentum for the REIT's unit price. The brokerage upgrades the REIT to buy from hold and raises the target price to S$1.71 from S$1.47. Units are 0.7% higher at S$1.50. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 23:26 ET (03:26 GMT)

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