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‘Keep some REITs for yield; accumulate banks for hikes’, say CGS-CIMB

Chloe Lim
Chloe Lim3/10/2022 03:42 PM GMT+08  • 4 min read
‘Keep some REITs for yield; accumulate banks for hikes’, say CGS-CIMB
CGS-CIMB Research say they advocate a risk-off approach in the near term by positioning in REITs for their yield and stability
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In their March 8 report, CGS-CIMB Research analysts Lock Mun Yee and Lim Siew Khee say they advocate a risk-off approach in the near term by positioning in REITs for their yield and stability.

At the same time, the analysts recommend that investors should watch for a tactical entry into banks for the interest rate upcycle in the medium term, as the US Federal Reserve looks to raise their rates in March.

Following the reporting season for the 4QFY2021, Lock and Lim have upped their FY2022 earnings estimates for the companies under their coverage by 2.2%-9.7%.

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