As the Singapore REIT (S-REITs) sector gained some 1.3% on the week from May 16 to 31, UOB Kay Hian analyst Jonathan Koh has kept his “overweight” call on the sector.

In his June 2 report, Koh noted that Singapore should be able to ease safe distancing measures after June 13, echoing Prime Minister Lee Hsien Loong’s speech to the nation on May 31 that the republic is on track to relaxing its heightened measures then.

In his June 2 report, Koh has also kept “overweight” on the healthcare, industrial, office and retail sub sectors, while maintaining “marketweight” on the hospitality sub-sector.

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