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Monday, September 27, 2010

Suntec powers on moving towards its NAV $1.74

Suntec has been doing a dependable and gradual appreciation this year. Current price $1.52 was attain from a slow but certain climb, and through two of this year's "minor crashes". Suntec still came back unscathed. Even with new openings of newer convention centres, Suntec remains a top choice and top office choice. The coming income distribution will certainly solidify Suntec stock price closer to its NAV of $1.74 Singapore dollars.

3 months Target Price: $1.70
Income distribution: Quarterly 2.528 cents
Yield: 6.671%
Annualised DPU: 10.14 cents

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