Singapore REIT (S-REIT)

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.

Healthcare and property stocks are Budget 2019 winners

SINGAPORE (Feb 19): The recent Budget 2019 has little to no impact on the Straits Times Index (STI) component stocks, apart from ST Engineering which has a low index weight, according to DBS in a Tuesday report.

Other mild potential beneficiaries are SembCorp Marine, domestic staple consumer companies, such as Sheng Siong, as well as healthcare stocks.

REITs remain a safe defensive bet for 2019: DBS

SINGAPORE (Dec 19): DBS Research is expecting Singapore REITs (S-REITs) to deliver DPU growth in 2019.

DBS, which has an “overweight” rating on the S-REITs sector, expects investors to gravitate towards the retail and industrial sectors in 2019, due to the heightened risk surrounding demand for office space and hotel rooms arising from the ongoing trade war and risk of near-recession conditions in the US in 4Q20.

Mapletree Group of REITs are gaining strong investor interest

SINGAPORE (Oct 1): “Nimble and decisive in executing their growth strategy and supported by a Sponsor with strong firepower, the Mapletree Group of REITs have been one of the more active S-REITs over the past 12 months, acquiring close to $3.1 billion in assets in Singapore, Hong Kong, China, Japan and the US,” say DBS analysts Derek Tan, Mervin Song and Carmen Tay in a Monday report.

Singapore developers cede to REITs as investors' top pick

(Sept 25): Buy the businesses that hold the real-estate assets rather than the ones that sell them.

That’s the message from a growing number of analysts in Singapore who say REITs, or real estate investment trusts, are a better bet than developers in light of the island’s recent cooling measures.

Sasseur REIT started at 'buy' on exposure to China's fast growing outlet mall industry

SINGAPORE (Sept 18): DBS is initiating coverage on Sasseur REIT with a “buy” recommendation and a target price of 91 cents.

Sasseur REIT is the first Singapore REIT (S-REIT) with exposure to the fast growing Chinese outlet mall industry, which is expected to grow at a CAGR of 24% between 2016-2021.

Initially, the REIT’s portfolio consists of four outlet malls in China, namely in Chongqing, Bishan,, Hefei and Kunming.

S-REITs remain good defensive play despite uncertainties ahead

SINGAPORE (Sept 5): OCBC Investment Research says the Singapore REIT sector remains a good defensive shelter for investors amid macroeconomic uncertainties.

For the S-REITs under its coverage universe, OCBC is projecting stable DPU growth of 1.7% for FY18/19 and 1.6% for FY19/20.

“Looking ahead, we have tempered our expectations for the hospitality sector, and now expect more muted DPU growth from hospitality REITs under our coverage,” says OCBC analyst Andy Wong Teck Ching in a Tuesday report.

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