๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐‘๐„๐ˆ๐“๐ฌ ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž of 40 REITs (๐Œ๐š๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”)

Kenny_Loh
03-24 19:59

๐Ÿ“ˆ Technically, Singapore REITs sector (FTSE ST REIT Index) is bearish heading towards the the 2 years low of 622 support level.

๐Ÿ”ฅ Total Market Cap = S$94.2B (โฌ‡๏ธ from S$101.1B)

๐ŸŽฏ Average Price/NAV = 0.78 (โฌ‡๏ธ from 0.86)

๐ŸŽฏ Average Distribution Yield = 5.94% (โฌ†๏ธ from 5.41%)

๐ŸŽฏ Market Cap Weighted Avg Distribution Yield = 5.62% (โฌ†๏ธ from 5.17%)

๐ŸŽฏ Average Gearing Ratio = 39.94% (โฌ‡๏ธ from 39.99% ) ๐Ÿ’น Average Yield Spread (vs SG 10Y Gov Yield) = 3.84% (โฌ†๏ธ from 3.42%)

๐—•๐˜‚๐—น๐—น / ๐—•๐—ฒ๐—ฎ๐—ฟ ๐—–๐—ฎ๐—น๐—น ๐—ณ๐—ผ๐—ฟ ๐—ฆ-๐—ฅ๐—˜๐—œ๐—ง ๐—ฆ๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ (๐—œ๐—ป ๐—š๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐—น):

๐Ÿฎ Valuation (Sector is still mostly trading below NAV)

๐Ÿป Technical Structure Improving (Short Term Trend Bearish)

๐Ÿฎ๐Ÿป Interest Rate Environment Stabilising (SG 10Y @ ~2.12%; there is a risk of returning of inflation / rate hike due to high oil price cause the conflict in Middle East)

๐Ÿป US 10Y Risk Free Rate ~4.4% (Still a headwind if yields re-accelerate)

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.

๐Ÿ‘‰You can join his Telegram channel #REITirement โ€“ SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement

๐Ÿ‘‰Tag your Tiger Broker account to receive 1 hour complimentary Investment Advice or Portfolio Review, DM kennyloh@fapl.sg on the tagging process.

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# ๐Ÿ’ฐStocks to watch today?(24 Mar๏ผ‰

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  • snixy
    ยท03-24 21:36
    Solid data on S-REITs! Yield spread widening is a positive signal. [็œ‹ๆถจ]
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  • Williamare
    ยท03-24 23:38
    Great article, would you like to share it?
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