SG office Reits: Daiwa turning more positive on sector. Upgrade Office sector to positive on stronger-than-expected rental growth in 1H11 and have O/P call on all office S-REITs. Expect a gradual increase in rents going forward with more optimistic view tempered slightly by major additions to the downtown core office pipeline for 2015…..
House upgrades CCT to O/p with $1.65 TP, while K-Reit has O/p Call with $1.48 TP and Suntec REIT has O/p Call with $1.70 TP.
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