Singapore REITs #4 – The Property Chronicle
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Singapore REITs #4 A market update

The Fund Manager

So far, in my previous articles, I have introduced the 3 most important financial ratios for analysing and shortlisting REITs, and also the FTSE ST REIT index to gauge the Singapore REITs market sentiment. Moving forward, I will give an overall market update starting with the FTSE ST REITs index and then moving onto the Singapore REITs table.

Technical Analysis of FTSE ST REIT Index

The FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 808.04 to 802.97 (-0.63%) as compared to my last article on The Singapore REIT Fundamental Comparison Table on Sept 2, 2018. The REIT index continues to trade within a tight range between 800 and 820 and is currently forming a Symmetrical Triangle (a medium term consolidation chart pattern).

There are two chart patterns observed in this FTSE ST REIT Index. A Head and Shoulders pattern is a trend reversal pattern, this is a bearish pattern. The symmetrical triangle is a consolidation pattern, i.e. moving sideways. Thus, the short to medium term Singapore REIT direction is: Sideways to down.

Chart 1: FTSE ST REIT Index

Fundamental Analysis of 40 Singapore REITs

Table 2 is the compilation of 40 REITs in Singapore as of Oct 2018 with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. This gives investors a quick way to see which REITs are attractive enough to have an in-depth analysis.






The Fund Manager

About Kenny Loh

Kenny Loh

Kenny has been investing in Singapore REITs for about 8 years. He is one of the pioneers of financial bloggers in Singapore. Since 2009, Kenny has been blogging at http://mystocksinvesting.com, reaching 19 thousand unique monthly visitors from 110 countries now. Over the years, Kenny has conducted many seminars and benefited thousands of investors by collaborating with SGX, SIAS, CIMB, RHB, Maybank Kim Eng, CMC Market, City Index, ShareInvestor, InvestingNote, iFAST, Aberdeen Standard Asset Management, Natixis Global Asset Management, Wealth Academy Investor Inner Circle (WAIIC) and Online Traders Club Singapore (OTCS). Kenny has since taught hundreds of attendees, from students, fund managers and businessmen to retirees, teachers, and even fashion designers.

Articles by Kenny Loh

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