Suntec REIT ‘vulnerable’ due to its exposure to tech sector: broker

It is also facing headwinds such as slow demand and cost pressures.

Amidst the weakening economy and its impact on the tech sector, the Suntec REIT stocks may face risks even as it is affordable.

RHB said the REIT is also facing challenges in its outlook following the slowdown in demand, inflationary pressures, and steep interest cost rises.

The REIT is also eyeing divestments in Singapore and Australia.

Suntec REIT has finished the 2022 fiscal year strongly with operational performances surprising on the upside on strong rent reversions and occupancy boosts.

RHB assigned a neutral rating for the stock with a target price of $1.47.

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Suntec REIT

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