You are new analysts with a top broker in Singapore and your main role is to make stock recommendations based on fundamentals to retail clients of your firm.

As you are new analysts, you are assigned to work in a team. In addition, the team needs to follow a rigorous set of guidelines and methodology. Lastly, the team is to summarise the findings and substantiate their recommendations in a professional research report.

Company choose is Suntec Real Estate Investment Trust

(a) In the preparation of your report, indicate the assumptions used about the company’s business environment.

 

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Statement of total return Gross revenue (a) Maintenance charges Property management fees (b) Property tax (c) Other property expenses Property expenses Net property income Other income ( Share of profit of joint ventures ( Finance income (9) Finance expenses (9) Asset management fees - base fee) Asset management fees - performance fee Trust expenses Net income Net change in fair value of financial derivatives) Net change in fair value of investment properties Total return before tax Income tax expense (m) Total return for the period after tax Attributable to: Unitholders Non-controlling interests Total return for the period 1/1/20 to 30/6/20 S$'000 Group 1/1/19 to 30/6/19 S$'000 Change % 149,448 178,073 -16.1% (19,701) (19,701) 0.0% (4,034) (4,860) 17.0% (13,738) (11,786) -16.6% (21,070) (27,165) 22.4% (58,543) (63,512) 7.8% 90,905 114,561 -20.6% 1,881 n.m. 35,690 60,673 -41.2% 11,229 15,103 -25.7% (48,932) (54,256) 9.8% (17,776) (16,737) -6.2% (6,845) (7,499) 8.7% (2,156) (1,897) -13.7% 63,996 109,948 -41.8% (33,173) (6,967) -376.1% (66,596) (35,773) (912) (36,685) 102,981 -134.7% (2,156) 57.7% 100,825 -136.4% n.m. (1,604) 100,977 -101.6% (35,081) (152) -22979.6% (36,685) -136.4% 100,825 Group Statement of total return Gross revenue (a) Maintenance charges Property management fees (b) Property tax (c) Other property expenses Property expenses Net property income Other income ( Share of profit of joint ventures ( Finance income (9) Finance expenses (9) Asset management fees - base fee) Asset management fees - performance fee Trust expenses Net income Net change in fair value of financial derivatives) Net change in fair value of investment properties Total return before tax Income tax expense (m) Total return for the period after tax Attributable to: Unitholders Non-controlling interests Total return for the period 1/1/20 to 30/6/20 S$'000 Group 1/1/19 to 30/6/19 S$'000 Change % 149,448 178,073 -16.1% (19,701) (19,701) 0.0% (4,034) (4,860) 17.0% (13,738) (11,786) -16.6% (21,070) (27,165) 22.4% (58,543) (63,512) 7.8% 90,905 114,561 -20.6% 1,881 n.m. 35,690 60,673 -41.2% 11,229 15,103 -25.7% (48,932) (54,256) 9.8% (17,776) (16,737) -6.2% (6,845) (7,499) 8.7% (2,156) (1,897) -13.7% 63,996 109,948 -41.8% (33,173) (6,967) -376.1% (66,596) (35,773) (912) (36,685) 102,981 -134.7% (2,156) 57.7% 100,825 -136.4% n.m. (1,604) 100,977 -101.6% (35,081) (152) -22979.6% (36,685) -136.4% 100,825 Group

Answer rating: 100% (QA)

You are new analysts with a top broker in Singapore and your main role is to make stock recommendations based on fundamentals to retail clients of your firm As you are new analysts you are assigned to ... View the full answer