[ET Net News Agency, 22 October 2019] DBS Group cut its target price for Sunlight REIT
(00435) to HK$5.9 from HK$6.05 and maintained its "buy" rating.
The research house said Sunlight offers distribution yields of 5.2-5.3% for FY2020-21.
DBS said its forecast revenue and distribution income are slightly lower than market
estimates partly because it has factored in a minor impact on rental on Sheung Shui Centre
Shopping Arcade from the prolonged protests.
DBS noted that the overall portfolio occupancy inched up to 95.9% in September from
June's 95.3%, led by improved occupancy at Strand 50 as a result of the partial hand-over
of the new co-working space. It added that improving occupancy and solid reversionary
growth should sustain Sunlight's revenue growth in the years ahead. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00435 SUNLIGHT REIT
Nominal 
1.480 -0.030 (-1.987%) Others
22/10/2019 17:37
{I-bank focus}DBS cuts Sunlight REIT (00435) to HK$5.9
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