Welcome to the Let the Money Talk podcast.
In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Manulife US REIT's leasing recovery overpowered by occupancy loss.
We upgrade our recommendation from Accumulate to BUY, raising the target price from US$0.84 to US$0.86 as we roll forward our DPU estimates, incorporating a new financial year. The US office market appears to be at an inflection point, showing improvement in net effective rents, longer lease tenures signed, declining subleasing and more positive rental outlook.
Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.
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