๐ Technically, Singapore REITs sector is currently testing the neckline resistance of an Inverted Head and Shoulders, breaking resistance may propel the S-REIT sector into bullish trend.
๐ฅ Total Market Cap = S$91.77B (โฌ๏ธfrom S$86.45Billion)
๐ฏ Average Price/NAV = 0.78 (โฌ๏ธ from 0.76)
๐ฏ Average Distribution Yield = 5.86% (โฌ๏ธ from 5.99%)
๐ฏ Market Cap Weighted Average Distribution Yield = 5.74% (โฌ๏ธ from 6.08%)
๐ฏ Average Gearing Ratio = 39.81% (โฌ๏ธ from 39.94%)
๐น Average Yield Spread (vs 10 years SG Gov yield) = 3.90% (โฌ๏ธ from 3.95%)
๐๐๐น๐น / ๐๐ฒ๐ฎ๐ฟ ๐๐ฎ๐น๐น ๐ณ๐ผ๐ฟ ๐ฆ-๐ฅ๐๐๐ง ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ (๐๐ป ๐๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐น):
๐ฎValuation (22% discount to Market Fair Value)
๐ฎ๐ป Technical Momentum (testing a critical resistance)
๐ฎ Interest Rate Direction (IF there is 50 bps cut by end 2025)
๐ปUS 10 Year Risk Free Rate @4.44% which has strong inversed correlation to REIT index.
๐Follow Kenny Loh
Source: REITsavvy.com
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