Towards Financial Freedom
Suntec REIT - Softer 2Q13 earnings but DPU stays stable
Suntec REIT - Softer 2Q13 earnings but DPU stays stable. Suntec REIT (SUN)'s 2Q13 revenue and distributable income came in weaker at SGD46.9m (-33.9% y-o-y) and SGD50.9m (-4.0% y-o-y) respectively while DPU for the quarter was a lower 2.25 cents (-4.7% y-o-y). All said, we still like SUN In view of the recent reopening of Phase 1 AEI at Suntec City, and maintain our BUY call, with an unchanged DDM-based (COE: 9.6%; TGR:2.0%) TP of SGD1.78. (OSK-DMG)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
