“The US Fed’s strong signalling of rate cuts should lower the discount rate for the REITs sector in Singapore and improve sentiment,” says Guha in an Aug 27 report.
Maybank Securities analyst Krishna Guha has upgraded the Singapore REIT (S-REIT) sector to “positive” after the US Federal Reserve (US Fed) indicated that it was going to cut rates soon.
On Aug 23, Fed chair Jerome Powell said that the “time has come” for the Fed to cut its key policy rate. Powell was speaking at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming.
