Following this, CLSA analyst Wong Yew Kiang has moved his sector rating to “overweight” from “underweight”, adding that the overall risks for S-REITs is subsiding amid firm operational metrics.
Analysts at CLSA and DBS Group Research are positive on Singapore REITs (S-REITs) as the interest rate hike cycle nears its end.
The US Federal Reserve raised the target Fed funds rate by 25 basis points in May, bringing the ceiling rate to 5.25% along with a more dovish tone suggesting that rates could be on hold as early as the middle of this year.
