SINGAPORE (Oct 16): RHB is reiterating its “overweight” rating on Singapore REITs (SREITs), as it believes that selective SREITs still offer value for investors, despite lingering concerns over rising interest rates.

In a Tuesday report, analyst Vijay Natarajan says, “While we do not expect a broad-based sector outperformance, we believe SREITs with stock-specific catalysts continue to find favour.”

Currently, SREITs are trading at an average yield spread of 380 basis points to the Monetary Authority of Singapore’s (MAS) 10-year bond yield.

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