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S-REITs 'resilient' despite inflation due to 'stable cash flows': UOB Kay Hian

Felicia Tan
Felicia Tan9/19/2022 10:54 AM GMT+08  • 2 min read
S-REITs 'resilient' despite inflation due to 'stable cash flows': UOB Kay Hian
Koh also remains overweight on all the S-REIT sub-sectors except for healthcare S-REITs, for which he has given a “market weight” rating. Photo: Albert Chua/The Edge Singapore
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UOB Kay Hian analyst Jonathan Koh is still “overweight” on the Singapore REITs (S-REITs) sector despite the elevated inflation dominating headlines.

Koh also remains overweight on all the S-REIT sub-sectors except for healthcare S-REITs, for which he has given a “market weight” rating.

“Markets remained concerned with elevated inflation with US consumer price index (CPI) at 8.3% for August. The yield for 10-year Singapore government bonds rose 16 basis point to 3.16%, a whisker away from the recent peak of 3.24% set in mid-June,” Koh notes in his report dated Sept 16.

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