- China is weathering an exponential surge in COVID-19 infections, but new infections should subside after hitting a peak in January. Hotels and serviced residences in Singapore, Australia and Japan will benefit from an influx of Chinese tourists. Malls and offices in China will see a recovery in shopper traffic and physical occupancy.
- - Read this at SGinvestors.io -
- CDL Hospitality Trusts (Target Price: S$1.37),
- Far East Hospitality Trust (Target Price: S$0.71),
- Mapletree Logistics Trust (Target Price: S$1.87),
- Mapletree Pan Asia Commercial Trust (Target Price: S$2.00) and
- - Read this at SGinvestors.io -
China downgrades management system for COVID-19.
- The National Health Commission in China has downgraded COVID-19 from Class A (infectious disease requiring stringent control measures) to Class B (infectious disease requiring basic treatment and prevention). COVID-19 is now seen by the China authorities as a less virulent disease that will gradually turn into a common respiratory illness.
Reopening reduces disruption to economic activities.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-01-03
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