Brokers' take
Singapore Reits DBS Group Research, March 17
THE US Federal Reserve's guidance in keeping to a gradual pace of two more hikes in 2017 is in line with expectations, and we see it as positive for S-Reits. We expect prices to be supported in the near term given earlier fears the Fed would be more hawkish.
On the back of better GDP growth prospects for Singapore, we recommend investors to position themselves in more cyclical sectors in the office and industrial Reits, namely in business parks and high-tech industrials.
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