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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379