Analysts from PhillipCapital and UOB Kay Hian are remaining positive on the Singapore REITs (S-REITs) sector as the economic recovery gathers pace.

PhillipCapital analyst Natalie Ong is keeping her “overweight” call on the Singapore REITs (S-REITs) sector as its recovery is still ongoing.

The FTSE REIT Index’s recovery lagged the Straits Times Index (STI) and the FTSE Real Estate Developer Index year-to-date (y-t-d), notes Ong in an Aug 24 report.

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