RHB Group Research’s Loong Kok Wen and Vijay Natarajan have maintained their “overweight” call on Singapore REITs (S-REITs), and a “Neutral” call on Malaysian REITs (M-REITs). 

In a 10 Feb note, the analysts said they prefer S-REITs over M-REITs, as Singapore has successfully contained the spread of Covid-19 compared to its neighbour up north.

They note the country has already moved to Phase 3 of reopening its economy, which means the prospects for earnings recovery are more attractive, and the asset value of S-REITs should be relatively more stable. 

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