Singapore Stock Market News

Property - Tapering delayed, so now what?

StockFanatic
Publish date: Fri, 20 Sep 2013, 11:24 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.

The US Fed has postponed the tapering of monetary stimulus and this will have a positive near-term impact on S-REIT share prices. But we note that interest rates remain on an upward bias, and an aggressive investment stance on S-REITs may not be wise. We remain selective. Developers, another interest-rate sensitive sector, could be a better bet.

We remain Overweight on developers, preferring stocks with less residential and more diversified exposures. UOL, CapLand and GLP remain our key picks. We remain Neutral on S-REITs but highlight AREIT and SUN as our top picks to benefit from this positive event.

S-REITs that de-rated the most in the last three months could also rebound the most. These include KREIT, CDLHT and FCOT.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment