SINGAPORE (Dec 9): UOB Kay Hian has reduced its target prices for Singapore real estate investment trusts (REITs) by 5% on average on the back of anticipated weaker growth ahead.

This comes ahead of the US Federal Reserve Open Market Committee’s (FOMC) final meeting for 2016 next week.

“Fed fund futures imply a 100% likelihood of a hike next week, a view largely shared by the equity market,” says UOB lead analyst Vikrant Pandey in a Friday report.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook