“Although the bear market does not seem to be upon us yet, the noises of flip-flopping and higher trade tariffs can change conditions quickly,” say CGSI’s Lock Mun Yee, Lim Siew Khee and Melvin Lim.
With increasing concerns over recession fears and uncertainties over the impact of higher trade tariffs thanks to the Trump administration, CGS International Research analysts think it is time to switch into S-REITs.
In a Singapore strategy note released March 13, the CGSI analysts are “more bullish” on REITS but stay “overweight” on capital goods, consumer, construction, gaming, technology, gloves, internet and commodities within Singapore equities.
