Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sets New 1-Year High – What’s Next?

by · The Cerbat Gem

Shares of Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $1.1205 and last traded at $1.1205, with a volume of 1500 shares. The stock had previously closed at $0.9522.

Suntec Real Estate Investment Trust Stock Performance

The business’s 50 day simple moving average is $0.99 and its 200-day simple moving average is $0.97.

Suntec Real Estate Investment Trust Company Profile

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Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.

In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.

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