5 recommendations by Maybank as the S-REIT space eases into recovery mode

By Michelle Zhu
/ The Edge Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (Feb 28): Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering distributions per unit (DPUs), especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of a slower rate hike cycle.
Maybank continues to favour large-caps and laggards, specifically Ascendas REIT(A-REIT), CDL Hospitality Trusts (CDL HT), and Frasers Commercial Trust (FCT) as they continue to trade at 5.7-6.1% FY19 dividend yield, versus the sector’s 4.9% average.
All three REITs are rated “buy” with target prices of $2.95, $1.80 and $2.55, respectively, and projected to deliver 3.6-6% DPU CAGR against the sector’s 0.5-3.5% range.
Advertisement
This article - 5 recommendations by Maybank as the S-REIT space eases into recovery mode is originally from TheEdgeSingapore.com
Read also:

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More