“This mirrors UOB Global Economics and Markets’ 60bp upward revision in 2017 GDP growth target (from 1.8% to 2.4%),” says UOB lead analyst Vikrant Pandey in a report on May 25.
SINGAPORE (May 29): UOB Kay Hian has raised target prices for Singapore real estate investment trusts (S-REITs) by an average of 8% on the back of a rosier economic outlook.
Terminal growth assumptions were increased by 60 basis points across UOB’s S-REIT coverage, excluding Frasers Logistics & Industrial Trust (FLT).
