Buying opportunity in S-Reits: RHB
Broking house says prices have largely factored in a 50 basis point US rate hike next year; suggests a bottom-up approach in selecting S-Reits
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Singapore
THE current correction in the prices of Singapore Reits (S-Reits) offers a buying opportunity given the widest spread against the yield of government bonds among the global Reit sector, RHB Research said in a report on Monday.
This comes as S-Reit prices have corrected by 3 per cent since the US elections amid a global shift in demand away from low-risk yield instruments. The correction comes amid expectations that a Donald Trump presidency would result in a pro-growth inflationary environment in the US.
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