Singapore REITs - UOB Kay Hian 2024-07-05: The Strain From The Strong USD Is Gradually Dissipating

Singapore REITs - The Strain From The Strong USD Is Gradually Dissipating

Singapore REITs - UOB Kay Hian Research | SGinvestors.ioFrasers Logistics & Commercial Trust (SGX:BUOU) CDL HOSPITALITY TRUSTS (SGX:J85) MAPLETREE PANASIA COM TRUST (SGX:N2IU)

The almighty US dollar.

  • Sticky inflation has led to expectations that interest rates will stay higher for longer. High US interest rates and elevated US treasury yields have led to the continued strengthening of the US dollar (US$). Heightened geopolitical uncertainty is also a catalyst for a stronger US$, given its status as a safe haven.
  • The Dollar Index has gained 6.4% in 2021, 8.2% in 2022 and 4.5% in 1H24.

The ailing and ageing yen.

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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 @

Jonathan KOH CFA UOB Kay Hian Research | 2024-07-05

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

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