- We cut our target prices for S-REITs by an average of 5.1% after adjusting our risk-free rate higher by 25bp. We see opportunities to accumulate CapitaLand Ascott Trust, Far East Hospitality Trust, Frasers Logistics & Commercial Trust, Keppel REIT, Lendlease REIT and Mapletree Industrial Trust on current share price weakness.
- - Read this at SGinvestors.io -
- We postulate that the recent spike in US government bond yields is caused by concerns over a prolonged government shutdown, rather than consensus view of higher inflation. Government bond yields could remain elevated till mid-November.
A convenient short-term compromise.
- - Read this at SGinvestors.io -
- House Speaker Kevin McCarthy obtained the required two-third majority to pass the bill with support from democrats but angered hardliners within the Republican Party in the process.
- The stopgap measure kicked the can down the road for a more decisive showdown on 17 Nov 23 (45 days later).
Unprecedented ousting of House Speaker.
- Read more at SGinvestors.io.
