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REITs and developers to ‘buy’ on improving economic fundamentals

Michelle Zhu
Michelle Zhu3/17/2017 04:16 PM GMT+08  • 2 min read
REITs and developers to ‘buy’ on improving economic fundamentals
SINGAPORE (March 17): As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.
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SINGAPORE (March 17): As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.

Noting that the Fed guidance in keeping a gradual pace of two more hikes this year is in line with its expectations, DBS sees better gross domestic product (GDP) growth prospects for Singapore.

Hence, the research house recommends investors to position themselves in the more cyclical sectors in the office and industrial REITs, especially business parks and hi-tech industrials. Their top picks within these criteria are namely Ascendas REIT (A-REIT), Keppel REIT (K-REIT), Mapletree Commercial Trust (MCT), Frasers Logistics & Industrial Trust (FLT) and Croesus Retail Trust (CRT) at target prices of $2.65, $1.23, $1.62, $1.10 and 99 cents respectively.

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