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Revisions

Target prices for S-REITs cut by 5% on average ahead of slower growth prospects

Broker's Calls

Target prices for S-REITs cut by 5% on average ahead of slower growth prospects

Jude Chan Published on Fri, Dec 09, 2016 / 12:41 PM GMT+8

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SINGAPORE (Dec 9): UOB Kay Hian has reduced its target prices for Singapore real estate investment trusts (REITs) by 5% on average on the back of anticipated weaker growth ahead.

This comes ahead of the US Federal Reserve Open Market Committee’s (FOMC) final meeting for 2016 next week.

“Fed fund futures imply a 100% likelihood of a hike next week, a view largely shared by the equity market,” says UOB lead analyst Vikrant Pandey in a Friday report.

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