- 2024 year-end STI Index target lifted to 3750 (previously 3538), end-1H25 target is 3850.
- Stay invested in rate-cut beneficiaries. Undervalued stocks could rebound with the Equity Market Review.
Stick to rate cut beneficiaries
Our call for REITs to outperform panned out to expectations.
- - Read this at SGinvestors.io -
- Owing to this quarter’s solid showing, year-to-date total returns have turned positive for 20 out of our 34 REITs under coverage (~58% hit rate).
- - Read this at SGinvestors.io -
- trade at attractive yields ( >5.5%) relative to some of their large-cap peers.
- The broad rally that is panning out across the REITs space shows that winners are not just confined to the large caps. Our REITs team has highlighted other second liners – small-mid caps with true yields of >7% and tactical opportunities in REITs with lower hedge profiles, with Lendlease REIT (SGX:JYEU) and Starhill Global REIT (SGX:P40U) as two names consistently featured in our reports.
Other rate cut beneficiaries
- Read more at SGinvestors.io.
