- Bidding farewell to COVID was a reset for China’s economy but not a miracle cure for growth. Cautious sentiment prevails amid a hesitant economic recovery while high unemployment (>20%) amongst Chinese youths remains a key drag. A recent survey by McKinsey indicates that the proportion of Chinese consumers with plans to increase consumption by 5% or more back in 2022 has reduced by half since 2019.
- - Read this at SGinvestors.io -
Online retail, outlet malls necessity goods remain a magnet for the retail dollar.
- Retail verticals offering value-for-money goods and services are well-placed to attract the consumer dollar as consumers turn budget conscious. Outlet stores led other retail formats with a growth of ~8.0% in 2022 and this trend is likely to continue.
- - Read this at SGinvestors.io -
Time to reposition into China-focused S-REITs trading at 1 to 2 standard deviations below average P/B
- 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/.
Geraldine WONG DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-09-28
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
