Broker Name: DBS

Date of Report: (Date not provided in the document. Inferred to be post-FY25 results, likely in 2024.)

Excerpt from DBS report.

• Report Summary:
• Suntec delivered a strong FY25 performance with a 13.6% year-on-year increase in DPU, driven by robust Singapore office and retail rental reversions and a significant reduction in financing costs.
• Looking ahead, earnings are expected to remain resilient on Singapore-led cash flows, with further upside dependent on overseas asset recovery and interest rate trends; downside risks include macroeconomic weakness and slower-than-expected rate easing.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg