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DBS, CapitaLand, MNACT, FLCT and other S-REITs to benefit from ongoing rotation: OCBC

Felicia Tan
Felicia Tan3/17/2021 5:31 PM GMT+08  • 3 min read
DBS, CapitaLand, MNACT, FLCT and other S-REITs to benefit from ongoing rotation: OCBC
OCBC adds that energy and materials sectors are ‘attractively valued’; to benefit from White House’s focus on infrastructure bill.
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Singapore’s DBS Group Holdings, CapitaLand, Mapletree North Asia Commercial Trust (MNACT), Frasers Logistics & Commercial Trust (FLCT), Ascendas REIT (A-REIT), Ascott Residence Trust (ART) and Mapletree Industrial Trust (MINT) are among OCBC Investment Research’s (OIR) top picks, which should benefit from the ongoing rotation.

The team has give the counters fair value estimates of $29.50 (DBS), $3.79 (CapitaLand), $1.06 (MNACT), $1.62 (FLCT), $3.89 (A-REIT), $1.24 (ART) and $3.51 (MINT).

The report, dated March 16, comes as US 10-year Treasury yields rose ahead of the Federal Reserve’s (Fed) policy meeting.

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