- S-REITs have weathered the sell-down caused by interest rates staying higher for longer. Many blue-chip S-REITs are trading at attractive distribution yields of 6-7%.
- - Read this at SGinvestors.io -
- Maintain OVERWEIGHT. We picked blue-chip S-REITs from a bottom-up basis: BUY Far East Hospitality Trust, Keppel REIT, Lendlease Global Commercial REIT, Mapletree Industrial Trust and Mapletree Pan Asia Commercial Trust.
The US a laggard in rate cuts.
- - Read this at SGinvestors.io -
- Bank of Canada lowered its overnight rate by 25bp to 4.75% in Jun 24, the first G-7 country to cut interest rates.
- European Central Bank cut the interest rate on its main refinancing operations by 25bp to 4.25% in Jun 24.
- With inflation slowly and gradually receding, the Fed is expected to institute the first rate cut in 4Q24.
The Fed adopting wait-and-see approach for rate cuts.
- 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 C UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-07-02
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
