5 recommendations by Maybank as the S-REIT space eases into recovery mode

SINGAPORE (Feb 28): Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering distributions per unit (DPUs), especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of a slower rate hike cycle.

Speculative buying & housing price growth to decline by year-end: UBS

SINGAPORE (Sept 28): Singapore’s housing market remains fairly valued even after inflation-adjusted prices have risen 9% over the past year, following six years of correction.

According to a recent report by UBS, housing prices in the city state are currently 5% below their 2011 peak, with its price-income ratio still shy of the long-term average.

Analysts remain positive on Keppel REIT with manager's intention to start share buyback

SINGAPORE (July 17): DBS Vickers Securities and CGS-CIMB Securities are maintaining their respective “buy” and “add” calls on Keppel REIT (K-REIT) with unchanged price target estimates of $1.41 and $1.34, after the REIT’s 2Q DPU of 1.42 cents came in within both research houses’ expectations.

In a Tuesday report, DBS analyst Mervyn Song says he remains positive on the REIT on the belief that office rents are on a sustained upturn, with K-REIT’s unit price expected to stage a rally following the correction in recent months.

UBS positive on equities as global growth momentum continues

SINGAPORE (Dec 5): UBS is forecasting global economic growth to continue its positive momentum over the past year through to 2018, with little evidence of an impending slowdown.

In UBS House View Year Ahead 2018, UBS' Global Chief Investment Office Wealth Management unit looks back on “particularly impressive” expansion in 2017 as demonstrated in the US, Eurozone, China, Japan, Russia and Brazil, which have pushed worldwide GDP up to 3.8% from 3.1% in 2016 based on its estimates.

Singapore is Asia’s richest country in gross terms: Allianz Global Wealth Report

SINGAPORE (Sept 28): Net financial assets of households in Singapore grew 9.6% in 2016, representing the fastest rate which the city state has experienced in four years.  

This is according to the eighth edition of financial services provider Allianz’s Global Wealth Report, which assess the asset and debt situation of households in more than 50 countries.

Positive revisions only for property and technology sectors as economy goes through a patchy recovery

SINGAPORE (Aug 23): Only selective segments of the economy has benefitted from the economic recovery year to date, according to DBS.

In a Wednesday report, analyst Yeo Kee Yan says that property – Capitaland, Frasers Centrepoint Limited and Perennial Real Estate – as well as technology – Venture Corp and Hi-P – sectors saw upward revisions to earnings, while other sectors saw mixed adjustments or cuts to earnings.

“There was a modest downward tweak to earnings for stocks under our coverage,” says Yeo.

Here’s what you might have missed out on at The Edge Singapore 2017 Mid-Year Investment Forum

SINGAPORE (July 28): The local stock market may be headed for a correction in the third quarter of this year, but that should not deter investors from putting their money into stocks right now.

Some segments of the market look set to head higher on the back of improving macroeconomic fundamentals, with some of this recovery yet to be priced in.

Stay actively invested in Greater China & Asia equities: Manulife

SINGAPORE (July 10): Asia ex-Japan equities have outperformed their developed market peers in the year to date, with the MSCI Asia ex-Japan index gaining 22.56% compared to just 9.88% for the MSCI World Index (developed markets), according to Bloomberg statistics cited by Manulife Asset Management.

Is Thailand over its bad patch?

This article appears in Issue 784 (June 19) of The Edge Singapore which is on sale now

Who wins in the US shale vs OPEC battle depends on these 5 factors

SINGAPORE (March 15): As the Organization of the Petroleum Exporting Countries’ (OPEC) continues to follow through with its announcement last year to cut production in a bid to end the global supply glut, US shale has been notably making a record comeback which threatens to undermine the cartel’s goal, much to the chagrin of Saudi Arabia.

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