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CGS-CIMB Downgrades SPH REIT To ‘Hold’ (Business Times)

April 5, 2022 – 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.

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