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

• The negative impact from the strong Singapore dollar is narrowly concentrated on the yen and is expected to dissipate going forward as the Singapore dollar could be near its peak. We have increased our DPU forecasts for CapitaLand Ascendas REIT by 1.0%, CDL Hospitality Trusts by 0.3% and Frasers Logistics & Commercial Trust by 1.8%.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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