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Error message
- Notice: Undefined offset: 0 in tes_menu_link__menu_sidebar() (line 100 of /home/alfi/tes_website/sites/all/themes/tes/template.php).
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- Notice: session_start(): A session had already been started - ignoring in include() (line 2 of /home/alfi/tes_website/sites/all/themes/tes/templates/partials/modal_desktop.tpl.php).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Undefined offset: 3 in include() (line 71 of /home/alfi/tes_website/sites/all/themes/tes/templates/page.tpl.php).
- Notice: Undefined index: und in include() (line 39 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Undefined index: und in include() (line 124 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Warning: count(): Parameter must be an array or an object that implements Countable in include() (line 124 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Trying to get property 'name' of non-object in include() (line 166 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Undefined variable: fontResizer in include() (line 210 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Undefined variable: styleadsMobkoi in include() (line 274 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Undefined index: SERVER_NAME in include() (line 1056 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Notice: Undefined index: SERVER_NAME in include() (line 1130 of /home/alfi/tes_website/sites/all/themes/tes/templates/ds-1col--node-article-full.tpl.php).
- Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in include() (line 46 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Undefined offset: 3 in include() (line 110 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in include() (line 155 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Undefined offset: 0 in getContentMeta() (line 479 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Undefined offset: 1 in getContentMeta() (line 480 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Warning: preg_replace(): No ending delimiter '"' found in getContentMeta() (line 481 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- User warning: The following module is missing from the file system: native_ad_mobile_app. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/alfi/tes_website/includes/bootstrap.inc).
- User warning: The following module is missing from the file system: tes_new_module. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/alfi/tes_website/includes/bootstrap.inc).
- Notice: Constant EVENT_INSERT already defined in require_once() (line 4 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/in_app_subscription/repositories/apple_subscription.repository.php).
- Notice: Constant EVENT_UPDATE already defined in require_once() (line 5 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/in_app_subscription/repositories/apple_subscription.repository.php).
- Notice: Constant REDIS_TTL_TAXONOMY already defined in include_once() (line 38 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_v2/tes_api_v2.module).
- Notice: Constant EVENT_INSERT already defined in require_once() (line 4 of /home/alfi/tes_website/sites/all/modules/custom/tes_gpt_summarize/repositories/tes_gpt_summarize.repository.php).
- Notice: Constant EVENT_UPDATE already defined in require_once() (line 5 of /home/alfi/tes_website/sites/all/modules/custom/tes_gpt_summarize/repositories/tes_gpt_summarize.repository.php).
- Notice: session_start(): A session had already been started - ignoring in include_once() (line 2 of /home/alfi/tes_website/sites/all/modules/custom/tes_simultaneous_login/tes_simultaneous_login.module).
- Warning: count(): Parameter must be an array or an object that implements Countable in _uc_line_item_list() (line 133 of /home/alfi/tes_website/sites/all/modules/ubercart/uc_order/uc_order.line_item.inc).
- Notice: Undefined index: issue_id in allow_view_pdf() (line 100 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
- Notice: Trying to get property 'field_free_to_view_pdf' of non-object in allow_view_pdf() (line 101 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
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Home FTSE REIT Index
Right Timing
The FTSE REIT Index is a laggard, but why?
The FTSE REIT Index has underperformed the STI, the FTSE Real Estate Index and several developers because of the direction of US risk-free rates which may be a casualty of Fed independence
21 days ago
Right Timing
Did the STI outperform the S&P 500 in the last 5 years? And a table of stocks awaiting better times
The FTSE REIT Index has gained strength against the STI and may break out of a sideways range. The STI is likely to consolidate further.
October 17, 2025
Right Timing
Market indices consolidate as risk-free rates rebound; HKL’s share price has run ahead of itself
A minor hiccup has appeared for the market in the form of a rebound in local risk-free rates, but the uptrend remains intact
September 19, 2025
Right Timing
Who really controls City Developments? US risk-free rates tumble as sentiment sours
US risk-free rates have tumbled but are set to rebound. Nonetheless, the REIT Index is at a low and also set for a rebound. How will City Developments' valuation be resolved?
February 28, 2025
Right Timing
REIT Index set to move progressively higher as Fed cut appears imminent
FTSE REIT Index set to move higher following breakout as markets await Fed cut.
September 06, 2024
Right Timing
REIT Index breaks out; lack of liquidity may stymie STI’s breakout
As FTSE REIT Index breaks out, STI approaches resistance, S&P 500 attempts break out.
August 30, 2024
Right Timing
More than just a dead cat bounce for the Straits Times index likely
The STI is likely to rebound further this week, with resistance appearing at 3,350 but market is set to remain volatile
August 09, 2024
Right Timing
STI, REIT Index are in expected, temporary corrective phases
The retreats by the STI and FTSE REIT Index are expected and their breakouts remain valid
July 26, 2024
Right Timing
Are S-REITs set for a re-rating following REIT index breakout?
Anticipation of Fed easing puts downward pressure on risk-free rates, lifting S-REITs
July 18, 2024
Right Timing
REIT index breaks out of a base formation as risk-free rates flounder
S-REIT Index breaks out of base indicating upside of 8%; US risk-free rates testing support and heading lower
July 12, 2024