Will MAS give Singapore REITs more room to grow by increasing the gearing limit?

SINGAPORE (July 10): In an effort to allow Singapore REITs (S-REITs) to better optimise their capital structure, the Monetary Authority of Singapore (MAS) last week announced that it is considering increasing the current gearing limit to 45%.

See: MAS proposing changes to S-REIT capital structure rules and fundraising process

Does the Singapore REIT rally still have room to run after surging 18% this year?

SINGAPORE (July 10): Analysts and investors are questioning whether the rally in Singapore’s beloved real estate investment trusts has room to run.

Strategists from Morningstar to CMC Markets Singapore say REITs, which have gained more than twice as much the broader equity market this year, are starting to look overvalued and may not see such strong performance in the second half.

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

SINGAPORE (June 19): CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May.

Some 952 new private housing units were sold in May, 28% higher than in April, but 15% lower compared to May 2018. The bulk of sales (51%) came from Rest of Central Region, while suburban projects made up another 43%. The most popular developments included Amber Park, Parc Komo and The Woodleigh Residences, which collectively accounted for one third of sales.

3 stocks to shop as local consumer sentiment remains benign: RHB

SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook.

In the research house’s view, consumer confidence peaked early last year due to improved wealth effect and strong GDP growth towards end-2017; it believes GDP growth will moderate this year while the property market decelerates.

OCBC keeps 'overweight' on Singapore hospitality sector as REITs rally

SINGAPORE (Feb 7): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality space as the sector’s REITs – namely CDL Hospitality Trusts (CDL HT), Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) – rally into the new year with total returns of +5.7%, +2.5% and +6.5%, respectively.

2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC

SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices.

OUE Hospitality Trust (OUE HT), Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART) are OCBC’s top “buy” picks with fair value estimates of 79 cents, 67.5 cents and $1.18, respectively.

Dairy Farm to ride on regional consumer sentiment uptick this year: RHB

SINGAPORE (Feb 19): RHB is maintaining “overweight” on Singapore’s consumer staples sector while highlighting Dairy Farm as its preferred “buy” pick with an unchanged target price of US$9.53 ($12.50) on expectations of consumption to pick up across the ASEAN region this year.

RHB’s positive sector outlook comes on the back of strong retail sales data over 2H17, with supermarkets, in particular, experiencing a good run-up in sales over the last few months of the year.  

'Pent-up demand' to drive Singapore's residential recovery this year: UOB KH

SINGAPORE (Jan 18): UOB Kay Hian is maintaining “overweight” on Singapore’s property sector with a preference for stocks with exposure to the residential, hotel and office segments as the market heads deeper into the upcycle.

In a Friday report, lead analyst Vikrant Pandey shares some of his key takeaways from the Built Environment & Property Prospects Seminar 2018, which took place last week and saw industry experts echo UOB’s bullishness in the residential and office segments.

Why these two developers remain CIMB's top sector picks

SINGAPORE (Jan 16): CIMB is retaining its sector “overweight” on Singapore’s property market while anticipating for primary home sales to improve  y-o-y to 11,000 to 12,000 units, and private home prices to rise by up to 5% y-o-y.

Developers UOL and City Developments (CDL) have been rated as the research house’s top “add” picks at target prices of $13.15 and $9.62 respectively.

5 consumer stocks to count on in the new age of e-commerce

SINGAPORE (Dec 4): Phillip Capital is remaining “overweight” on Singapore’s consumer sector on expectations of a continued rebound in the city state’s economic conditions as well as improving consumer sentiment.

In a Monday report, analyst Soh Lin Sin refutes the idea that Amazon will grab all market share from existing players, due to the nature of local consumers and the advantages which local players continue to have over Amazon’s recently-launched Prime Now service.  

Be informed of the stories that matter


Be informed of the stories that matter