Singapore REITs - Maybank Research 2023-02-10: At The Crossroads; Cautious Optimism

Singapore REITs - At The Crossroads; Cautious Optimism

Singapore REITs - Maybank IB Research | SGinvestors.ioAIMS APAC REIT (SGX:O5RU)

S-REITs – Macro Outlook

  • Our house view foresees a mild global recession with global GDP growth projected to slow to 1.7% in 2023 from 2.9% in 2022. Inflation is likely to peak and start falling in 2023.
  • We expect the Fed to raise interest rates to 5.0-5.25% by mid-2023 and hold at that level before cutting in 2024.
  • Singapore’s GDP growth is likely to slow to 1.5% in 2023. We expect the MAS to tighten in Apr 2023 via re-centering. Likely peak of 3-month SIBOR ~4.8%.

S-REIT Sub-Sector Views & Stock Picks

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Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @

Krishna Guha Maybank Research | Li Jialin Maybank Research | 2023-02-10

Read More Analysis On Singapore REITs (S-REITs):
Analyst Reports on Singapore REIT Sector

Check Out Also The Summary Of:
S-REIT Share Price Performance
S-REIT Target Prices & Ratings


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