Hence, the research house recommends investors to position themselves in the more cyclical sectors in the office and industrial REITs, especially business parks and hi-tech industrials. Their top picks within these criteria are namely Ascendas REIT (A-REIT), Keppel REIT (K-REIT), Mapletree Commercial Trust (MCT), Frasers Logistics & Industrial Trust (FLT) and Croesus Retail Trust (CRT) at target prices of $2.65, $1.23, $1.62, $1.10 and 99 cents respectively.
SINGAPORE (March 17): As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.
Noting that the Fed guidance in keeping a gradual pace of two more hikes this year is in line with its expectations, DBS sees better gross domestic product (GDP) growth prospects for Singapore.
