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UOB Kay Hian sees tailwinds for logistics S-REITs, keeps 'overweight', prefers FLT and ARA LOG

Felicia Tan
Felicia Tan6/29/2021 06:52 PM GMT+08  • 3 min read
UOB Kay Hian sees tailwinds for logistics S-REITs, keeps 'overweight', prefers FLT and ARA LOG
UOB Kay Hian has rated "buy" on FLCT and ARA LOG, and "hold" on MLT.
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UOB Kay Hian analyst Jonathan Koh has kept “overweight” on the Singapore REITs (S-REITs) logistics sub-sector on the back of tailwinds from e-commerce and building resiliency in supply chains.

E-commerce is a key driver of demand as online retail sales require three times the logistics space compared to that of physical retail spaces.

On average, every US$1 billion ($1.34 billion) creates demand for 1m sf of logistics space, says Koh.

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