S-Reits' valuations close to long-term mean, but analysts still see value in sector
RHB, Jefferies cite its resilience given better demand-supply dynamics
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SINGAPORE real estate investment trusts (S-Reits) have rebounded 38 per cent from their March lows and are now trading closer to their long-term mean valuation, according to a research report by RHB, which maintained an "overweight" rating on the sector.
Investor interest is likely to remain high on the central bank's pledge to keep interest rates low amid signs of liquidity returning, analyst Vijay Natarajan wrote in a note on Tuesday.
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