Hong Kong & Singapore REITs – What happens when someone else controls your...
As discussed yesterday Hong Kong & Singapore monetary policy is run by the US, meaning it is going to be very difficult to control liquidity and asset prices as the cost of capital increases. The...
View ArticleHong Kong & Singapore REITs – Driven by US data
A 2.8% rally in our HK / Sing REIT basket yesterday on the back of move in US yield curve following yesterdays worse than expected US ISM and construction spending data. HK / Sing REITs remain low...
View ArticleHong Kong and Singapore REITS: getting squeezed
As discussed at length recently we are concerned that with Hong Kong & Singapore monetary policy being run by the US, it is going to be very difficult to control liquidity and asset prices as the...
View ArticleSELL SINGAPORE REITS – Continue to SELL KREIT, MINT, SUN, CRCT
Best place in Asia to play rising US interest rate potential. Despite recent share price moves, history suggests the move has been less than half of what is warranted even should rates remain where...
View ArticleSELL SINGAPORE REITS – MUCH further to fall despite correction
US yield curve continues to steepen, making record 2 year highs. We have been calling for investors to SELL Singapore REITS since the end of May during which time they have fallen an average of 11%...
View ArticleHK & SINGAPORE REITS: Breakout in US yield curve
US 2/10 yield curve, manages a close above the downtrend. This is the first pro-growth signal from the bond market is nearly a decade. As discussed at length recently we are concerned that with Hong...
View ArticleAsia REIT: street trying to catch a falling knife
Following upgrades by some of our peers on the grounds of “valuation support”, we would re-iterate our view that there is plenty more downside to play for in the Singapore REIT space. Although the...
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