Singapore REITs – Monthly Analysis – The Property Chronicle
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Singapore REITs – Monthly Analysis

The Fund Manager

* FTSE ST REIT Index up 745.45  to 823.64 (+10.49%) on the month update.

*  Index has rebounded c41% as of June 12 closed after hitting the recent high of 878 (c.50% rebound from the bottom).

* Yield spread (reference to 10-year Singapore government bond of 0.981%) has tightened from 6.97% to 5,47%. 

* The risk premium is still attractive to accumulate Singapore REITs in stages to lock in the current price and long-term yield after the recovery.

* Technically the REIT Index is currently on uptrend and have further upside if the 200D SMA resistance is overcome. 

* REIT sector outperforms the financial sector and Singapore Straits Times Index (STI) since the bottom on Mar 23, 2020.

Technical Analysis 

If the REIT index can clear the 200D SMA resistance, the REIT index will enter into a full Bull territory and have a chance to break new high. Current bullish momentum is very strong. 

Short term direction: Up.






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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