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Maybank Kim Eng stays positive on S-Reits in 'conservation mode'

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CapitaLand Mall Trust is Maybank KE's top pick among the retail Reits. While the brokerage has revised its estimates on the counter with a cut in near-term income, it favours CMT for its "scale, trading liquidity, and undemanding valuations".

Singapore

MAYBANK Kim Eng (Maybank KE) has maintained its positive outlook on Singapore real estate investment trusts (S-Reits) that are now focusing on capital retention, with a sector bias towards industrial Reits and US office S-Reits.

"Slower leasing amidst uncertain (...

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