Suntec REIT

Suntec REIT: UOB Kay Hian has Technical buy Call with a 7% potential return. House Re-iterate & maintain BUY with a revised TP of $1.45. The stock is still trending up with the earlier formation of a golden cross. The MACD indicator and its signal line are still trending up, suggesting more upside. Alternatively, investors may exit their longs if prices move below to $1.28, which may be used as trailing stops for previous long positions taken on 16 January and 19 March 2012. House institutional research has a fundamental BUY with TP of $1.45.