- Against the backdrop of edging recession concerns and slower rate hikes, we see STI near-term support at 2,923 with the rebound cap at 3,090. We see potential for rebound trade or bottom fishing for “rate hike casualties”.
- DBS Economics research sees the Fed Funds Rate hitting 4.5% this year and peaking at 5% in 1Q23, which is in line with the consensus view. The upcoming 2 Nov FOMC meeting will likely mark the last 75bps hike in the series. Singapore’s 2023 GDP growth is cut to 2.2% (previously 3%).
5 recession-resilient S-REITs to accumulate.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- CDL Hospitality Trusts (SGX:J85) (travel recovery growth),
- CapitaLand Ascendas REIT (SGX:A17U) (structural tailwinds in new economy assets/sectors), and
- Mapletree Logistics Trust (SGX:M44U) (fast-growing Asian e-commerce space).
3 SGX listed non-REITs for possible rebound trade.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
YEO Kee Yan CMT DBS Group Research | Janice CHUA DBS Research | https://www.dbs.com/insightsdirect/ 2022-10-27
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