Home Capital Broker's Calls

Hospitality REITs still strong as tourist arrivals in Oct falls for the first time in 2016

Jude Chan
Jude Chan12/29/2016 05:33 PM GMT+08  • 2 min read
Hospitality REITs still strong as tourist arrivals in Oct falls for the first time in 2016
SINGAPORE (Dec 29): UOB Kay Hian is keeping its “overweight” call on Singapore real estate investment trusts (REITs) despite visitor arrivals in Oct dipping by 1.6% y-o-y to  1.2 million visitors.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 29): UOB Kay Hian is keeping its “overweight” call on Singapore real estate investment trusts (REITs) despite visitor arrivals in Oct dipping by 1.6% y-o-y to 1.2 million visitors.

According to the latest statistics released by the Singapore Tourism Board on Dec 28, this marks the first decline in tourist arrivals in 2016, following nine consecutive months of positive visitor growth.

UOB analysts Derek Chang and Vikrant Pandey say this could possibly be due to “lingering concerns over the Aug outbreak of Zika in Singapore and the relatively quieter events calendar”.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now