Brokers' take
Singapore Reits | Neutral OCBC Investment Research, August 22
All the 24 S-Reits under our coverage reported Q2 FY17 results which came in within our expectations. On average, DPU (distribution per unit) growth was flat on a year-on-year basis, which was a moderation from the 2.4 per cent increase registered in Q1 FY17 but similar to the flattish performance for 2016. We believe further compression in S-Reit yields remains a possibility in the near-term, but recommend investors to buy on dips as valuations remain stretched. Since we added CapitaLand Mall Trus…
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