Singapore REIT has been beaten down badly for about 15% from the recent peak. See below chart of FTSE ST-REIT Index. The index is currently trading below 200D SMA (about 800) and the 200D SMA is trading flat.
So, are the Singapore REITs cheap now? Is it the right time to pick up some REITs with high distribution yield? I am not going to tell you the answer because I am not the certified analyst and brokers and unable to make any Buy or Sell recommendation. I am going to put up all the facts and charts here for reference to give me an overview of current situation for my investing decision making.
See Singapore REIT comparison tables for Fundamental Analysis. In general, most of Singapore REITs are still over value. Let’s look at the charts of some Singapore REITs with large market capitalization.
CapitaMall (S$7.02B, S$2.03)
Ascendas REIT (S$5.52B, S$2.30)
CapitaComm (S$4.2B, S$1.465)
Suntec REIT (S$3.54B, S$1.57)
Keppel REIT (S$3.49B, S$1.30)
MapletreeCom (S$2.53B, S$1.225)
PLife REIT (S$1.47B, S$2.43)
In Summary base on the above charts, clearly the REITs are NOT trading in an uptrend. Some of them have broken 200D SMA and the charts are technically bearish. This means that the REIT prices can go even lower despite the current distribution yield looks attractive.
Check out How to Combine Fundamental & Technical Analysis to analyse Singapore REIT here.
This Post Has 2 Comments
Agreed. In fact i have sold all my reits much earlier. i can buy back some now, but i don’t.
My favourite is Suntec REIT. It has the lowest price to tangible book ratio among the REITS. Its dividend yield is quite stable at 5%+. Director had bought the shares recently. After renovation at Suntec, rental income at Suntec should increase.