While the emergence of Omicron viral strain is a setback for Singapore’s reopening plans, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong do not see domestic clampdown as a base case scenario for now.
"With the Singapore economy still strong, we see stronger domestic retail sales driving an approximately 5-6% rise in distribution per unit (DPUs) for retail and selected commercial S-REITs," write the analysts.
It is now "time to bask in the sun" with S-REITs, write the analysts in a Dec 14 note, highlighting Frasers Centrepoint Trust (FCT), Lendlease Global Commercial REIT (LREIT), CapitaLand Integrated Commercial Trust (CICT) and Suntec REIT (SUN).
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