SINGAPORE (Mar 25): Even as the Covid-19 outbreak threatens to wreak havoc on the US economy, analysts are optimistic that Manulife US Real Estate Investment Trust (MUST) will be able to weather the storm ahead.

DBS Group Research and RHB Group Research are keeping their “buy” calls on MUST, despite the counter plunging 48% from its peak in January to close at an all-time low of 55.5 US cents on March 23.

Interestingly, the counter jumped 26% to close at 70 US cents on March 24, after the US Federal Reserve swooped in with a sweeping rescue plan to shelter the US economy from the coronavirus.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook