1H2021 Results Analysis: Rocky recovery ahead 1H21 DPU +23% y-o-y to 1.23 Scts, in line, due to retained distribution in 1H20. Excluding the retained distribution, DPU is likely relatively flat Key positive: i) portfolio occupancy flat, ii) OUE Bayfront anchor tenant renewed at higher rates, iii) RevPAR almost doubled q-o-q Key negatives: i) Singapore office […]

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