Singapore REITs' DPU Could Grow 9.6% This Year, OCBC Says -- Market Talk
Singapore REITs' DPU Could Grow 9.6% This Year, OCBC Says -- Market Talk
0741 GMT - Singapore REITs could record average DPU growth of 9.6% this year, as the country's gradual relaxation of Covid-19 restrictions provide support, OCBC Research says. Growth may fall to 8.1% in 2022 as low-base effects further dissipate. The bank recommends retail and hospitality REITs, including Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Frasers Centrepoint Trust and Mapletree North Asia Commercial Trust, which seem well-placed for a share-price recovery as the country reopens. However, OCBC also recommends defensive stocks that could be less susceptible to possible future Covid-19 restrictions. These are Ascendas REIT, Mapletree Industrial Trust and Frasers Logistics & Commercial Trust. (yongchang.chin@wsj.com)
0741GMT-華僑銀行研究稱，新加坡REITs今年可能錄得9.6%的平均DPU增幅，因該國逐步放寬新冠肺炎限制提供支撐。隨着低基數效應進一步消散，2022年增長率可能降至8.1%。該行建議零售和酒店業REITs，包括雅詩閣住宅信託(Ascott Residence Trust)、凱德置地綜合商業信託(CapitaLand Integrated Commercial Trust)、星獅中心信託(Fraser Centrepoint Trust)和豐樹北亞商業信託(Mapletree North Asia Commercial Trust)，隨着中國重新開放，這些信託似乎處於股價復甦的有利地位。然而，華僑銀行也建議防禦性股票，這些股票可能不太容易受到未來可能的新冠肺炎限制的影響。它們是Ascendas REIT、豐樹工業信託和Fraser物流與商業信託。(yongchang.chin@wsj.com)
譯文內容由第三人軟體翻譯。