Investor sentiment on Singapore-listed REITs has started to improve recently and is likely to continue to do so on speculation that an interest rate cut is on the horizon, according to DBS.
The US Federal Reserve’s more dovish statements in recent weeks and the better-than-expected June inflation print were the main factors fueling this optimism to the sector, according to the analysts. “We maintain our view that a sustainable rally will need to be supported by a clearer path to normalisation, which is lacking at this moment,” it added.
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