Earnings day: P40U.SI Starhill Global REIT (SES) S$0.595 intraday shows mixed signals: what to watch next
Today, on 29 Jan 2026 intraday, P40U.SI stock (Starhill Global Real Estate Investment Trust, SES) trades at S$0.595 after reporting earnings today. The REIT posted results that keep distributions and core metrics steady, leaving the price unchanged intraday with volume 650,000 shares. We examine the earnings takeaways, valuation, dividend profile and what traders should watch next in Singapore (SGD) markets.
P40U.SI stock: Earnings snapshot and market reaction
Starhill Global REIT reported earnings on 29 Jan 2026 and the market reaction is muted. The intraday price remains at S$0.595, with a day low of S$0.59 and day high S$0.595. Trading volume is 650,000 shares versus an average volume of 1,206,980, showing below-average flow.
Management flagged steady rental collections and focused leasing efforts across Singapore, Australia, Malaysia, China and Japan. The immediate market response is limited, reflecting expectations that the results were in line with forecasts.
P40U.SI stock: Key financials and valuation
Starhill reports EPS S$0.06 and a reported PE 9.83 from exchange data, while Meyka metrics show a TTM PE around 15.42. Book value per share is S$0.758 and shareholders equity per share is S$0.758. The REIT carries a market cap of S$1,365,471,173 and shares outstanding 2,314,357,921.
Dividend metrics remain attractive with a trailing dividend per share of S$0.0365 and a dividend yield near 6.19%. Price-to-book is 0.78, indicating the stock trades below book value on current figures.
P40U.SI stock: Meyka grade and price forecast
Meyka AI rates P40U.SI with a score out of 100: 69.59 (Grade B) – HOLD. This grade factors S&P 500 comparison, sector and industry metrics, financial growth, key ratios, forecasts and analyst signals.
Meyka AI’s forecast model projects S$0.67 for the next year, implying +12.65% from the current S$0.595. A fair-value view from Meyka shows S$0.78 as a longer-term target, implying +31.18%. Forecasts are model-based projections and not guarantees.
P40U.SI stock: Technicals and trading flow
Technical indicators show a moderate bullish bias. RSI is 64.03 and ADX is 37.31, signalling a strong trend. Bollinger Bands sit Upper 0.60 / Middle 0.58 / Lower 0.57. Momentum is steady with short-term averages near the price.
On intraday flow, on-balance volume is 10,904,400 and relative volume is 0.78. These figures suggest limited new buying today, but trend indicators support further upside if volume picks up.
P40U.SI stock: Sector context and peer comparison
The Real Estate sector in Singapore shows YTD strength with a sector 1M gain of 9.15% and 1Y gain of 39.53%. Starhill’s debt-to-equity 0.59 is in line with sector averages and interest coverage at 6.24 is healthy for a REIT.
Peers include larger retail REITs and diversified property trusts. On price-to-book and dividend yield, Starhill sits competitively, offering income-focused investors higher yield than many peers while trading below book value.
P40U.SI stock: Risks and near-term catalysts
Primary risks include retail leasing softness in key markets and currency exposure across Australia, Malaysia, China and Japan. Operationally, longer vacancy cycles or weaker tourist footfall on Orchard Road would pressure rents.
Near-term catalysts include leasing renewals at Wisma Atria and Ngee Ann City, asset enhancement outcomes, and any guidance on distribution stability from the manager. Watch monthly leasing updates and regional retail footfall data closely.
Final Thoughts
Earnings day on 29 Jan 2026 left P40U.SI stock trading at S$0.595 with limited price change but clear signals. Fundamentals show an attractive dividend yield ~6.19%, conservative leverage with debt-to-equity 0.59, and book value per share near S$0.76. Meyka AI rates the stock 69.59 (Grade B) – HOLD and projects S$0.67 in one year, an implied +12.65% upside from today. A longer-term fair value of S$0.78 implies +31.18%, but that outcome depends on leasing momentum and regional retail recovery. For intraday traders, technicals favour cautious long bias if volume rises. For income investors, the yield and price-to-book profile argue for watchful accumulation, not a definitive buy. Meyka AI provided the model-based forecast and analysis as an AI-powered market analysis platform. Sources: Investing.com comparison report 1 and Investing.com peer comparison 2.
FAQs
What drove the intraday move in P40U.SI stock on 29 Jan 2026?
The intraday flat price at S$0.595 reflects earnings in line with expectations, steady rental collections, and below-average volume of 650,000 shares. No material surprise drove price action today.
What is Meyka AI’s forecast for P40U.SI stock?
Meyka AI’s forecast model projects S$0.67 in one year for P40U.SI stock, implying +12.65% from today. Forecasts are model-based projections and not guarantees.
Is P40U.SI stock a good income play now?
Starhill offers a trailing dividend yield near 6.19% and a payout ratio around 75%. For income investors, yield looks attractive, but monitor leasing and distribution guidance for sustainability.
What are the main risks for P40U.SI stock in the short term?
Short-term risks include weaker retail leasing, lower visitor footfall in key malls, and currency swings across assets in Australia, Malaysia, China and Japan. These could pressure rents and distributions.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
