SINGAPORE (Nov 9): Investors now have a chance to accumulate Singapore REITs while the market overshoots, according to a Tuesday report by DBS.
Lead analyst Derek Tan notes the recent share price weakness of S-REITs was due to increased macro uncertainties, coupled with the fourth quarter traditionally being unhappy times for REIT investors.
Uncertainties arising from the outcome of the US presidential election, potential rate hike in Dec and profit-taking as REITs remain ahead since the start of the year have also resulted in net outflows for Singapore REITs, notes Tan.
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