Sign in to continue:

Friday, March 13th, 2026
Market UpdatesREITS SGSingapore SGX stocks

Sasseur REIT 2025 Outlook: Strong Operational Performance, High Dividend Yield & Growth Potential in China’s Outlet Retail Market 1234

Posted on March 13, 2026 at 2:26 pm (GMT+8)

38
Views
Share on Facebook
Share on Twitter

Broker Name: KGI Securities (Singapore) Pte. Ltd.
Date of Report: November 28, 2025

Excerpt from KGI Securities report.

  • Report Summary:
    • Sasseur REIT continues to show operational strength, with resilient outlet sales growth, high occupancy (98.5%), and robust tenant retention. Asset enhancements and successful campaigns have stabilized performance, especially at Hefei, while Chongqing and Kunming outlets remain strong.
    • The REIT benefits from a fully RMB-denominated, LPR-linked debt structure, resulting in lower borrowing costs, reduced FX risk, and no refinancing needs until 2028. Low gearing (25.5%) allows for accretive acquisitions, supporting future NAV and income growth. Despite macro headwinds and currency drag, outlook remains positive due to structural tailwinds in China’s consumption policy, outlet format resilience, and disciplined management.

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

Related Posts

Market UpdatesREITS SG

Elite UK REIT: Lease Regearing, Rental Growth & Yield Outlook for 2025-2027 1
Minichart
January 8, 2026

Broker Name: PSPL Date of Report: (Date not explicitly sta...

Market UpdatesSingapore SGX stocks

text Download Copy code 1SEO title: SATS Ltd (SATS SP): Embedded Resilience & FY26F Outlook | CGS International Report 2 3Here’s a summary of the SATS Ltd (SATS SP) analysis from the CGS International report: 4 5* **Recommendation:** The report reiterates an “Add” rating for SATS Ltd with a higher target price (TP) of S\$3.60 [[1]]. 6* **Financial Performance:** 4QFY3/25 net profit was S\$38.7m, slightly ahead of estimates. Revenue growth remained consistent. SATS’s cargo tonnage has outpaced global cargo demand, indicating market share gains [[1]]. 7* **FY26F Outlook:** SATS’s growing market share is expected to support earnings growth in FY26F, even with potential trade tensions. Cargo volumes are expected to grow due to market share gains, offsetting potential softening cargo demand in the latter half of FY26F [[1]]. 8* **Earnings Estimates:** FY26F-27F EPS estimates are lifted by 7.9-8.5%, and FY28F estimates are introduced, implying a 3-year earnings CAGR of 15.0% [[1]]. 9* **Valuation:** The TP of S\$3.60 implies 17.3x FY27F P/E, similar to its pre-Covid-19 mean [[2]]. 10* **Key Risks:** Margin compression from weaker operating leverage due to softening cargo volumes and a decline in the aviation travel industry due to an economic downturn [[1]]. 11* **ESG:** SATS maintains a B- ESG combined score by LSEG, with a slight improvement in its Environmental pillar score [[5]]. 12* **Financial Summary:** Revenue, Operating EBITDA, and Net Profit are projected to increase through Mar-28F. Core EPS is also expected to grow [[1]]
Minichart
May 27, 2025

CGS International May 26, 2025 SATS Ltd: Embedded Resilienc...

Bursa KLSE stocksMarket Updates

Resilient Growth Ahead: Public Bank’s Strategic Positioning for 2025
Minichart
September 18, 2024

Date: September 17, 2024Broker: Maybank Investment Bank Berh...

   Ad