Singapore Market Outlook M&L REIT, Mapletree, CapitaMall
Rising Real Estate Prices in Singapore make Real Estate companies a buy today as the market falls.
The Monetary Authority of Singapore raised its 2012 inflation forecast this month as it diverged from most other Asian central banks that have left borrowing costs unchanged or eased monetary policy in recent weeks. The Singapore dollar is the region’s best performer this year as investors bet the island will tolerate a stronger currency to curb price gains that have been fueled by more expensive home rentals and surging car permit costs.
Inflation will probably remain elevated over the next few months, before easing gradually in the second half of the year, the central bank and trade ministry said in a monthly statement on price trends today.
The currency policy stance already includes the central bank’s expectations that inflation will slow in the second half, Teather said.
Research houses such as DBS Vickers and CIMB have earmarked their preference for certain S-REITS over other stocks.
DBS Vickers tips Mapletree Logistics Trust, Ascendas India Trust and Frasers Commercial Trust as S-REITS to accumulate ahead of dividend declarations.
CIMB favours CapitaMall Trust and Frasers Centrepoint Trust for their retail exposure and strong growth potential, while OCBC Investment Research prefers industrial REITS, which offer yields in excess of 8 per cent, to outperform.
Heffernan Capital Management likes large agricultural land holders like Bumitama, Golden Agri as well as the Port Trust. M&L Hospitality Trusts hopes to raise $407 million U.S. ($509 million Singapore). M&L expects to make its debut on the Singapore Stock Exchange May 7.
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The STI finished sharply lower on Monday following losses from the property stocks and industrials.
For the day, the index plummeted 32.13 points or 1.07 percent to finish at 2,962.35 after trading between 2,958.58 and 2,994.63 on volume of 3.61 billion shares. There were 325 decliners and 121 gainers.
Among the decliners, Singapore Technologies Engineering plunged 4.6 percent, while SembCorp Marine lost 1.9 percent, Keppel Corp fell 1.1 percent, CapitaMalls Asia dropped 3.1 percent, CapitaLand shed 1 percent, Global Logistic Properties retreated 1.9 percent and City Developments was down 1.6 percent.
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Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service
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