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UOB Kay Hian is remaining invested in hospitality, retail and office S-REITs as reopening plays

Felicia Tan
Felicia Tan6/3/2022 05:16 PM GMT+08  • 5 min read
UOB Kay Hian is remaining invested in hospitality, retail and office S-REITs as reopening plays
Singapore's Changi Airport. Photo: Bloomberg
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UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” call on the Singapore REIT (S-REIT) sector, as he sees upside from the reopening against the perceived threat against inflationary pressures.

The way he sees it, nascent signs of the easing of inflationary pressures have emerged.

“US core personal consumption expenditure (PCE) inflation peaked at 5.3% in February, the fastest pace in 30 years. Core PCE inflation eased 0.3 percentage points m-o-m to 4.9% in April,” he writes in his report dated June 3.

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