Bank stocks vs Reits may be a false dichotomy
SOME analysts have argued the recent selldown of Singapore bank stocks on concerns over US-China trade tensions has made them attractive on valuation grounds, trumping even the much vaunted, high yielding S-Reit sector.
Forward yields on bank stocks range from 3.8 per cent to 5.3 per cent, not that far off from that of the average Reit.
But it should be said that banks' profitability can look vulnerable at this point, all things equal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Philippine central bank tightens dirty money risk reporting rule
It is time to put idle cash back into the market
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Gold dips as US dollar edges higher, investors seek more Fed cues
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
A timeline of DBS’ recent banking glitches