Suntec Reit - Chart wise, bullish mode. She may rise up to retest 1.50. A nice breakout smoothly plus good volume we may see her rising up further towards 1.60 and above!
From the chart, you can notice several attempts to take out 1.50 for many occasions. I think high probability she may clear 1.50 swiftly and rises further! Pls dyodd.
22nd January 2026:
Some buying activities spotted today, she is up 5 cents to 1.47, looks rather bullish!
Suntec REIT Achieved Stellar 14.6% Year-on-Year Increase in Distributable
Income. 4th quarter DPU 2.102 cents. Solid! Tomorrow likely gap up! XD 29th January, paydate 27 February.
Singapore, 22 January 2026 – Suntec REIT reports strong distributable income of $207.3 million
for the period from 1 January to 31 December 2025 (“FY 25”), 14.6% higher than the year ended
31 December 2024 (“FY 24”). Distribution per unit (“DPU”) to un
itholders was 7.035 cents or
13.6% higher year-on-year.
The robust year-on-year improvement was driven by the stronger operational performance of
the Singapore Office, Retail and Convention portfolio and lower financing costs. This more
than offset the weaker performances of the overseas properties, specifically The Minster
Building in London, and 55 Currie Street in Adelaide.
Suntec City Mall
A cautious market outlook remains for the retail market on expectation of the impact of the
upcoming Johor Bahru-Singapore Rapid Transit System and the potential retail spend leakage,
particularly for malls in the northern part of Singapore1. The REIT will continue in its efforts to
refresh the mall’s trade mix to drive shopper traffic and sales. The Singapore Retail portfolio is
well-positioned for growth, supported by higher occupancy, rent and marcoms revenue.
Committed occupancy is expected to remain high with positive rent reversion expected to be
close to 10%.
No comments:
Post a Comment