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

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".


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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