Broker’s take: RHB Says S-REITs Rebound 38% From March, Investor Interest Likely To Remain High (Business Times)
June 24, 2020 — SINGAPORE real estate investment trusts (S-Reits) have rebounded 38 per cent from March lows and are now trading closer to their long-term mean valuations, a research report by RHB on Tuesday said.
It maintained its “overweight” rating on the sector.
Investor interest is likely to remain high on the central bank’s pledge to keep interest rates low, and signs of liquidity returning, analyst Vijay Natarajan wrote.
S-Reits rallied in the period from March to June, with retail clients emerging as net buyers and institutional investors as net sellers.
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