Interestingly, the counter jumped 26% to close at 70 US cents on March 24, after the US Federal Reserve swooped in with a sweeping rescue plan to shelter the US economy from the coronavirus.
SINGAPORE (Mar 25): Even as the Covid-19 outbreak threatens to wreak havoc on the US economy, analysts are optimistic that Manulife US Real Estate Investment Trust (MUST) will be able to weather the storm ahead.
DBS Group Research and RHB Group Research are keeping their “buy” calls on MUST, despite the counter plunging 48% from its peak in January to close at an all-time low of 55.5 US cents on March 23.
