Brokers' take
Starhill Global Reit > Buy OCBC Investment Research, Aug 17 Aug 17 close: S$0.68 Target price: S$0.74
WE believe the worst is likely over for Starhill Global Reit (SGReit). Its committed Singapore office occupancy has moved from a low of 83.5 per cent in Q1 2018 to 95.0 per cent, as at June 30. For retail, challenges will likely remain, but this will be partially buffered by the long-term master lease with Toshin at Ngee Ann City Retail.
Meanwhile, in Australia, its Plaza Arcade mall will see new anchor tenant Uniqlo opening its doors in Q3 CY18.
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