Brokers' take

Singapore property/Reits | Overweight UOB Kay Hian, July 8

RISING expectations of a prolonged low interest rate environment amid increased uncertainties as Brexit unfolds will see continued interest in property/reits (real estate investment trusts) in Singapore. The increase in the required return for the United Kingdom/Europe exposure is more than compensated for by the built-in buffer and the drop in the risk-free rate. The UK commercial segment is likely to be most at risk. Maintain "overweight" with CapitaLand, City Developments, Ascendas Reit, CDL Hospitality Trust and Keppel Reit as our top picks.

Venture Corp | Buy July 8 close: S$8.58 Fair value: S$9.35 OCBC Investment Research, July 8