External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

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External broker reports(aggregated public sources)

Sasseur REIT (SGX: CRPU) - A Play On China Consumption Via The Operations-Focused Outlet Sector

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Outstanding 4Q23 performance. Despite a 4.6% YoY decline in total distributable income per unit (DPU) to 6.249 Scts in FY23, the business performance showcased better-than-expected results in 4Q23.</li><li>4Q23 DPU rose 8.7% YoY to 1.415 Scts. Outlet sales in RMB rose by an impressive 84.6% YoY, with a consistent 16.2% MoM increase, driven by the outlets’ Red Festival and year-end promotions.</li><li>Amidst growing consumer caution towards domestic spending, outlet sales have witnessed a notable resurgence, benefiting from the prevailing trend of economizing on consumption in the country.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Outstanding 4Q23 performance. Despite a 4.6% YoY decline in total distributable income per unit (DPU) to 6.249 Scts in FY23, the business performance showcased better-than-expected results in 4Q23.4Q23 DPU rose 8.7% YoY to 1.415 Scts. Outlet sales in RMB rose by an impressive 84.6% YoY, with a consistent 16.2% MoM increase, driven by the outlets’ Red Festival and year-end promotions.Amidst growing consumer caution towards domestic spending, outlet sales have witnessed a notable resurgence, benefiting from the prevailing trend of economizing on consumption in the country.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sasseur REIT (SASSR SP/CRPU.SI) - REIT-Laxing Consumption