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CGS-CIMB downgrades SPH Reit to 'hold' as recovery likely priced in

Tan Nai Lun

Tan Nai Lun

Published Tue, Apr 5, 2022 · 05:50 AM
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Singapore

CGS-CIMB has downgraded its call on SPH Reit to "hold" from "add" as it expects the real estate investment trust's (Reit) recovery is already priced in, the brokerage said on Friday (Apr 1).

The research team maintained its target price of S$0.95 on the counter. It noted that the market has likely priced in a recovery as SPH Reit currently trades with a distri…

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