“We see the earnings outlook strengthening amid firmer macro fundamentals and re-opening efforts,” he writes in his report dated March 3.
Maybank Securities analyst Chua Su Tye is remaining “positive” on the Singapore REITs (S-REITs) sector, as he sees evidence of a broad-based recovery in FY2022.
According to Chua, the buoyant outlook is based on the REITs being underpinned by resilient occupancies and improving leasing momentum.
