Investor RelationsAnalyst Coverage

Research House Analyst Email Address
CGS International Lock Mun Yee
Natalie Ong
munyee.lock@cgsi.com
natalie.ong@cgsi.com
DBS Derek Tan
Geraldine Wong
derektan@dbs.com
geraldinew@dbs.com
KGI Alyssa Tee alyssa.tee@kgi.com
PhillipCapital Liu Miao Miao liumm@phillip.com.sg
Soochow CSSD
Capital Markets
Ilvin Cornelis ilvin.cornelis@sccmasia.com
UOB Kay Hian Jonathan Koh jonathankoh@uobkayhian.com

Research House Analyst Date Recommendation Target Price Report
KGI Alyssa Tee 29 Feb 2024 Outperform 1.01
PDF version
REIT-laxing consumption
PhillipCapital Liu Miao Miao 27 Feb 2024 Buy 0.87
PDF version
Resilient balance sheet and low onshore rate
UOB Kay Hian Jonathan Koh 26 Feb 2024 Buy 1.01
PDF version
4Q23: Benefiting From Consumption Downgrade
Soochow CSSD
Capital Markets
Ilvin Cornelis 22 Feb 2024 Buy 0.90
PDF version
Tenant sales recovery remains intact
DBS Geraldine Wong 22 Feb 2024 Buy 1.00
PDF version
Spending wariness promising for outlet malls
CGS International Lock Mun Yee 21 Feb 2024 Add 0.95
PDF version
Revving all engines
CGS-CIMB LOCK Mun Yee 29 Nov 2023 Add 0.95
PDF version
Riding on growth tailwinds
KGI Alyssa Tee 21 Nov 2023 Outperform 1.05
PDF version
REITail recovery
CGS-CIMB LOCK Mun Yee 13 Nov 2023 Add 0.95
PDF version
Sustained tenant sales recovery
PhillipCapital Liu Miao Miao 13 Nov 2023 BUY 0.90
PDF version
Record occupancy and robust outlet sales
Soochow CSSD
Capital Markets
Ilvin Cornelis 10 Nov 2023 BUY 0.90
PDF version
Resilient tenant sales
DBS Geraldine Wong 10 Nov 2023 BUY S$1.05
PDF version
3Q23 Operational Update - Right place, right time
KGI Alyssa Tee 20 Oct 2023 Outperform 0.95
PDF version
Site visit to Sasseur REIT's outlet malls in Chongqing and Xi'an
PhillipCapital Liu Miao Miao 05 Oct 2023 Buy 0.90
PDF version
Growth drivers intact - Site visit note
DBS Derek Tan
Geraldine Wong
28 Aug 2023 Buy 1.05
PDF version
Capturing the shift in China's consumption patterns - Site visit note
KGI Alyssa Tee 21 Aug 2023 Outperform 0.95
PDF version
Recovery REITsilience
PhillipCapital Liu Miao Miao 18 Aug 2023 Buy 0.90
PDF version
Stronger than expected sales but FX hit
CGS-CIMB LOCK Mun Yee 14 Aug 2023 Add 0.95
PDF version
Recovery gains traction but forex a drag
UOB KayHian Jonathan Koh, CFA 14 Aug 2023 Buy 0.96
PDF version
2Q23 Results
Soochow CSSD
Capital Markets
Ilvin Cornelis 11 Aug 2023 Buy 0.90
PDF version
Robust operational performance
DBS Derek Tan
Geraldine Wong
11 Aug 2023 Buy 1.05
PDF version
Tenant sales leaps to record high since listing
KGI Alyssa Tee 10 Jul 2023 Outperform 0.95
PDF version
Retail therapy at a REITsonable price
Soochow CSSD
Capital Markets
Ilvin Cornelis 15 Jun 2023 Buy 0.90
PDF version
Discount shoppers' paradise
PhillipCapital Liu Miao Miao 04 Jun 2023 Buy 0.90
PDF version
Riding on robust consumption
UOB KayHian Jonathan Koh, CFA 12 May 2023 Buy 0.96
PDF version
1Q23 Results
DBS Group Research Geraldine Wong Derek Tan 10 May 2023 Buy 1.10
PDF version
Highest 1Q tenant sales recorded since listing
CGS-CIMB LOCK Mun Yee 10 May 2023 Buy 1.00
PDF version
A strong start
UOB KayHian Jonathan Koh, CFA 20 Feb 2023 Buy 0.96
PDF version
4Q22: Darkest before the dawn
DBS Group Research Geraldine Wong Derek Tan 20 Feb 2023 Buy 1.05
PDF version
Recovery on track as China reopens
CGS-CIMB LOCK Mun Yee 17 Feb 2023 Add 1.00
PDF version
Better outlook on post-Covid normalisation
CGS-CIMB LOCK Mun Yee 11 Nov 2022 Add S$1.06
PDF version
Hurt by operational disruptions
CGS-CIMB LOCK Mun Yee 13 Aug 2022 Add S$1.06
PDF version
Hitting the mark
Maybank Kim Eng Chua Su Tye 12 Aug 2022 Buy S$1.10
PDF version
Easing China Headwinds
DBS Group Research Geraldine Wong Derek Tan 12 Aug 2022 Buy S$1.10
PDF version
Strength in EMA structure shines again
CGS-CIMB LOCK Mun Yee 12 May 2022 Add S$1.06
PDF version
Performance in line
DBS Group Research Geraldine Wong
Derek Tan
12 May 2022 Buy S$1.15
PDF version
1Q22 Operational Update - EMA structure proves its worth once again
UOB KayHian Jonathan Koh, CFA 23 Feb 2022 Buy S$1.12
PDF version
Sustainable Growth With Lowest Gearing in 4Q21
DBS Group Research Geraldine Wong
Derek Tan
21 Feb 2022 Buy S$1.15
PDF version
A new Titan (Xi'an Mall) to join the portfolio?
CGS-CIMB LOCK Mun Yee
EING Kar Mei, CFA
18 Feb 2022 Add S$1.06
PDF version
Well positioned for inorganic growth
Maybank Kim Eng Chua Su Tye 18 Feb 2022 Buy S$1.10
PDF version
A strong finish
Maybank Kim Eng Chua Su Tye 15 Nov 2021 Buy S$1.05
PDF version
Slow quarter, better fundamentals in FY22E
CGS-CIMB LOCK Mun Yee
EING Kar Mei, CFA
12 Nov 2021 Add S$1.03
PDF version
Resilient Outlook
KGI Joel Ng
Megan Choo
19 Aug 2021 Neutral S$0.97
PDF version
Slower growth outlook in 2H
Maybank Kim Eng Chua Su Tye 13 Aug 2021 Buy S$1.05
PDF version
In line, set for a stronger 2H
CGS-CIMB LOCK Mun Yee
EING Kar Mei, CFA
13 Aug 2021 Add S$1.03
PDF version
Sustained growth
DBS Group Research Geraldine Wong
Derek Tan
13 Jun 2021 Buy S$1.10
PDF version
Don't lose sight of the big picture in China luxury
CGS-CIMB Lock Mun Yee
EING Kar Mei, CFA
12 May 2021 Add S$0.952
PDF version
Strong sustained sales recovery
Maybank Kim Eng Chua Su Tye 12 May 2021 Buy S$1.05
PDF version
Recovery Gains Traction
UOB KayHian Jonathan Koh, CFA 01 Mar 2021 Buy S$1.05
PDF version
4Q20: Steady Growth From Normalisation Of Consumption And Strength Of RMB
Maybank Kim Eng Chua Su Tye 28 Feb 2021 Buy S$1.05
PDF version
Back On Growth Trajectory
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
26 Feb 2021 Add S$0.909
PDF version
Still going strong
DBS Group Research Geraldine Wong
Derek Tan
16 Nov 2020 Buy S$0.90
PDF version
Up, up and away
Maybank Kim Eng Chua Su Tye 15 Nov 2020 Buy S$1.00
PDF version
China Retail Recovery Play
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
13 Nov 2020 Add S$0.845
PDF version
Tenant sales continue to improve
KGI Joey Ng 13 Nov 2020 Outperform S$0.89
PDF version
First In First Out as China's recovery firms up
KGI Joel Ng 17 Aug 2020 Outperform S$0.89
PDF version
Outperformance compared to peers
UOB KayHian Nicola Ho
Jonathan Koh, CFA
17 Aug 2020 Buy S$0.99
PDF version
2Q20: Rapid Recovery In Outlet Sales
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
14 Aug 2020 Add S$0.84
PDF version
Rapid tenant sales recovery in 2Q
Maybank Kim Eng Chua Su Tye 14 Aug 2020 Buy S$0.95
PDF version
Recovery Underway
KGI Joel Ng 11 Jun 2020 Outperform - Initiation S$0.89
PDF version
Not your average retail REIT
UOB KayHian Nicola Ho
Jonathan Koh, CFA
15 May 2020 Buy S$0.96
PDF version
1Q20: Recovery In Sales From Pent-up Demand
Maybank Kim Eng Chua Su Tye 14 May 2020 Buy S$0.95
PDF version
Ready For Recovery
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
14 May 2020 Add S$0.80
PDF version
Picking up post reopening
DBS Group Research Derek Tan 14 Apr 2020 Buy S$0.80
PDF version
Pent-up demand seen
UOB KayHian Nicola Ho
Jonathan Koh, CFA
10 Mar 2020 Buy S$0.92
PDF version
Staying Vigilant Amid COVID-19 Outbreak
DBS Group Research Derek Tan 21 Feb 2020 Buy S$0.93
PDF version
Down but not out
Maybank Kim Eng Chua Su Tye 20 Feb 2020 Buy S$0.95
PDF version
Eyeing A 2H Rebound
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
20 Feb 2020 Add S$0.85
PDF version
Hitting a speed bump
UOB KayHian Nicola Ho
Jonathan Koh, CFA
18 Nov 2019 Buy S$0.97
PDF version
3Q19: Benefitting From Strong Growth At Bishan, Hefei And Kunming Outlet Malls
Maybank Kim Eng Chua Su Tye 18 Nov 2019 Buy S$1.00
PDF version
Seasonal Lift
CGSCIMB Lock Mun Yee
Eing Kar Mei, CFA
15 Nov 2019 Add S$0.94
PDF version
Strong performance at newer outlets
DBS Group Research Derek Tan 15 Nov 2019 Buy S$0.84
PDF version
9M19 outlet sales increase by 20.9% (y-o-y)
UOB KayHian Nicola Ho
Jonathan Koh, CFA
31 Oct 2019 Buy (Initiate Coverage) S$0.97
PDF version
Growth Underpinned By Consumption Upgrade For Middle-income Households
DBS Group Research Carmen Tay
Derek Tan
08 Aug 2019 Buy S$0.97
PDF version
All aboard China's consumption growth train
Maybank Kim Eng Chua Su Tye 06 Aug 2019 Buy S$0.95
PDF version
Growth Momentum Into 2H
CGS-CIMB Lock Mun Yee
Eing Kar Mei, CFA
06 Aug 2019 Add S$0.94
PDF version
Still going strong
Maybank Kim Eng Chua Su Tye 14 May 2019 Buy S$0.90
PDF version
Strong Start
UOB KayHian Lucas Teng
John Cheong
02 Apr 2019 Not Rated n.a.
PDF version
Differentiated Concept To Attract Its Target Shoppers
CGS-CIMB Lock Mun Yee
EING Kar Mei, CFA
02 Apr 2019 Add S$0.92
PDF version
Brand experts
KGI Geraldine Wong 29 Mar 2019 Not Rated -
PDF version
Site visit to Sasseur REIT's outlet malls in Chongqing and Hefei
DBS Group Research Derek Tan
Mervin Song
Carmen Tay
20 Feb 2019 Buy S$0.97
PDF version
One of a kind
Maybank Kim Eng Chua Su Tye 13 Nov 2018 Buy S$0.90
PDF version
Another strong quarter; 4Q18 should be even better
DBS Group Research Derek Tan
Mervin Song
Carmen Tay
17 Sep 2018 Buy S$0.91
PDF version
Up up and away
Maybank Kim Eng Chua Su Tye 07 Jun 2018 Buy SGD 0.90
PDF version
Premium Buy in China's Discount Malls
KGI Research Team 04 Jun 2018 Not Rated -
PDF version
Visit to Sasseur REIT's outlet in Chongqing, Hefei & Xi'an