UOB Kay Hian analyst Jonathan Koh has maintained “overweight” on Singapore REITs (S-REITs) as a new Covid-19 variant emerges.

See: 'Watch out for Omicron' and keep an eye out for these sectors: DBS

The new variant, named Omicron, is said to be more contagious with 50 mutations. The current vaccines may offer some protection but their efficacy is also expected to be much reduced. Furthermore, the Omicron variant still can spread among those who have been fully vaccinated and infect those who have recovered from previous Covid-19 infections.

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