S-REITThe recent trend of the plate is consistent with that of the global REIT plate. Similar to the Bloomberg Global REIT Index (Bloomberg World REIT Index), the S-REIT sector has averaged some gains since the beginning of 2021.
The strongest stocks in S-REIT sector so far from the beginning of 2021 are Yateng Le GE Logistics Trust, take-off India Trust, Yateng American Hotel Trust, Parkway Life Industries Trust and Shengbao Industrial Trust. All five trusts recorded double-digit returns.
Source: Singapore Housing and property Trust Analysis report, Luft and Bloomberg (data as of March 5, 2021)
The trend of major industries in Singapore keeps pace with the global trend.
In the recent stock market rotation and rebalancingtenThe yield on annual US Treasuries rose, and the global banking sector outperformed the world.REITsThe trend of the plate is the same.The long end of the US two-year and 10-year Treasury yield curve increasingly reflects the normalization of the economy, with the Bloomberg Global Banking Index (Bloomberg World Bank Index) up 15 per cent and the Bloomberg Global REITs Index (Bloomberg World REITs Index) up 1 per cent in the year to March 5, 2021.
The main drivers over the past nine weeks have been the decline in the infection rate of COVID-19 and the acceleration of global vaccines. As of March 6, the global COVID-19 vaccination dose reached 300 million doses, higher than 240 million doses at the end of February and 100 million doses at the end of January. At the same time, the risk of transmission of mutated strains remains a key social, economic and market risk.
Since the COVID-19 epidemic is the main market driver, the impact on the industry regardless of where stocks are listed is global, and fluctuations in most major sectors have been highly correlated over the past 12 months. For example, DBS Group, OCBC Bank and United overseas Bank have recorded an average total return of 17% in the past 12 months, in line with the 17% total return (in Singapore dollars) of the Bloomberg Global Banking Index (Bloomberg World Bank Index).
This makes it possible to constituteS-REITThe average total rate of return of the plate trust is1.7%2021The end of the yearthreeMonthfiveThe median rate of return per day is0.4%. The platetwelveThe average six-month trailing dividend yield is6.2%The median rate of return is5.6%.The five REITs that have achieved the highest returns in the past 12 months are American Express online Real Estate Trust, Sand Shipping Real Estate Investment Trust, Sumei Commercial Space Trust, Yateng Lego Logistics Trust and Star Lion Logistics Trust. The average return of these five REITs is 6.9%.
The merger of Jardine Strategic Holdings makes the list of sea index reserves the focus.
Hai Index Reserve list (listed by market capitalization) is Star Lion Logistics property Trust, Keppel Real Estate Trust, Xinda Industrial Trust, Star Lion Real Estate Trust and NetLian Broadband Trust. If the merger resolution of Jardine Strategy is approved at the EGM, the stocks with the highest market capitalization on the reserve list of the HI (on the closing day two days before they are removed from the index) will be included in the HI.
On March 8, Jardine Strategy Holdings announced that it had agreed to the proposed terms of Jardine Group Holdings, whereby Jardine Group Holdings would pay cash to acquire the remaining 15% of Jardine Strategy Holdings, which is not yet held by Jardine Group Holdings and its wholly owned subsidiaries. Under the terms of the acquisition, Jardine Strategy controlling shareholders (except Jardine Group Holdings and its wholly-owned subsidiaries) are entitled to $33.00 in cash per share of Jardine Strategy Holdings, which represents a premium of approximately 20.2% to Jardine Strategy Holdings's closing price of $27.45 per share on March 5, 2021. The two companies announced their preliminary results for the fiscal year 2020 (ended December 31) on March 11, and the details of the acquisition mentioned in the shareholders' notice, the procedures to be followed to approve the acquisition and the notice of the extraordinary general meeting of shareholders will be announced in the near future.
Source: SGX