Singapore REITs – monthly update – The Property Chronicle
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Singapore REITs – monthly update

The Analyst

  • FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 854.19 to 877.59 (+2.74%) since last month’s update. Currently the Singapore REIT index has started an uptrend after breaking resistance around 852 and 874.
  • Yield spread (reference to ten-year Singapore government bond of 1.004%) widened slightly from 4.407% to 4.449%. However, the risk premium is still attractive to accumulate Singapore REITs in stages to lock in the current price and long-term yield after recovery. Moving forward, an increase in DPU is expected due to global economic recovery.
  • Technically the REIT Index broke the resistance and started an uptrend. Current macro factors such as a low interest-rate environment, aggressive M&A for future DPU growth and recovery of the global economy support the bullish breakout.

Technical analysis 

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 854.19 to 877.59 (+2.74%) compared with last month’s update. Currently the Singapore REIT index has started an uptrend after breaking resistance around 852 and 874.






The Analyst

About Kenny Loh

Kenny Loh

Kenny Loh is a senior consultant and REITs specialist at Singapore’s top independent financial adviser. He is also a certified financial planner, REIT trainer for the Singapore Exchange, and a certified trainer by the Institute of Banking and Finance Singapore. His personal investment blog is at http://mystocksinvesting.com.

Articles by Kenny Loh

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