Suntec REIT

Suntec REIT: OCBC expects it to be beneficiary of robust momentum in Singapore’s prime office sector, but rental growth is likely to moderate from 2015. Situation appears less sanguine in retail segment, the house views. Phase 3 clocked in lackluster committed occupancy rates (60% at 30 Sep). If situation remains sluggish, there could be downside risks to DPU. OCBC downgrades to Hold with TP of $1.90