Stocks
Singapore Reits > Overweight CIMB Research, June 22
We brought a group of local investors to three distinct business park clusters: i) Singapore Science Park, ii) one-north and iii) Changi Business Park. Given easing supply and demand from science, technology and media sectors, we believe that business parks would be the first to post recovery gains this year.
A flattening/declining yield curve and abating supply pressures in 2018 underpin our "overweight" stance on the sector. Risks include rate hikes or economic recession.
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