Koh’s report dated April 5, also comes at a time where the risk of the US economy slipping into a recession has increased with an inversion of the US yield curve since April 1.
UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” recommendation on Singapore REITs (S-REITs) as he sees “resiliency” in the sector.
Externally, Koh says the Russia-Ukraine war creates heightened uncertainties and has pushed bond yields higher, adding that a peace agreement remains elusive.
