SINGAPORE (June 25): As retail businesses and F&B outlets have resumed operations in Phase 2 of the reopening of Singapore’s economy, new opportunities in the real estate investment trusts (REITs) sector have appeared.

UOB KayHian’s top five picks are CapitaLand Mall Trust, Frasers Centrepoint Trust, Ascott Residence Trust, Far East Hospitality Trust and Keppel REIT.

“We rotate and reposition towards retail REITs and hospitality REITs for outperformance in 2H20,” UOBKH analysts Jonathan Koh and Loke Pei Hao write in a note dated June 23.

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