S-REITs are ‘back in vogue’: RHB

SINGAPORE (July 4): RHB is maintaining its “overweight” call on the Singapore REITs (S-REITs) sector while reiterating its preference for the retail and hospitality sub-sectors.

(See: “RHB likes Singapore retail and hospitality REITs; neutral on office”)

In a Friday report, analysts Vijay Natarajan and Ivan Looi say they expect global economies to maintain their loose monetary policy stance with the ongoing fallout from Brexit. They also expect the US Federal Funds Rate (FFR) hike to be delayed as a result.

---

Related Stories

• Oiltek should explore upgrade to Mainboard, says CGSI
• CGSI ups Food Empire’s TP to $1.53 with Vietnam ‘likely to shine’ in FY2024 results
• STI moves into consolidation phase but could Chinese equities rebound?

---