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Strong investor appetite for yield keeps Maybank positive on Singapore REITs

Michelle Zhu
Michelle Zhu6/22/2017 10:5 AM GMT+08  • 2 min read
Strong investor appetite for yield keeps Maybank positive on Singapore REITs
SINGAPORE (June 22): Maybank Kim Eng Research remains “positive” on Singapore REITs (S-REITs), with confidence that a firmer exchange rate regime poses no immediate threat to the industrial REITs.
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SINGAPORE (June 22): Maybank Kim Eng Research remains “positive” on Singapore REITs (S-REITs), with confidence that a firmer exchange rate regime poses no immediate threat to the industrial REITs.

The research house has highlighted Ascendas REIT (A-REIT) as its top “buy” pick with a target price of $2.90, given its debt headroom of $1.1 billion and a strong sponsor pipeline.

Mapletree Industrial REIT (MINT), AIMS AMP Capital REIT (AAREIT) and Viva Industrial Trust (VIT) have also been rated at “buy” with target prices of $2.05, $1.60 and 95 cents respectively.

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