Unlocking value from 9 Penang Rd
■ SUN divested its stake in 9 Penang Rd at an agreed property value of
S$295.5m.
■ It will realise a S$66.5m divestment gain; gearing to decline to 42.9%.
■ Reiterate Add rating with an unchanged DDM-based TP of S$1.76.