Dear readers, there are now eleven oversold Singapore Reits and Trusts amidst the development of the Wuhan novel coronavirus. Most significantly for Singapore, the DORSCON level was set to Orange yesterday. Let us take a look at the list of oversold Singapore Reits and Trusts below.
1. ARA Hospitality Trust
2. Cache Logistic Trust
3.CapitaCommercial Trust
4. CapitaMall Trust
5.CDL Hospitality Trust
6. Dasin Retail Trust
7.Far East Hospitality Trust
8.Sasseur Reit
9. SoilBuild Business Reit
10. SPH Reit (just oversold)
11. Suntec Reit
I am of the view that in light of the ongoing development of the current novel coronavirus, with long-term impact to Singapore and the global economy yet to be assessed, investors should wait for clarity before going into any new investment decision. Especially for some of those hospitality-related, tourism-related Reits and Trusts, the impact of tourism to Singapore arising from the coronavirus could not be denied.
Against the current backdrop, I wish You and Your Family Healthy. Take precautionary measures to prevent getting disease like wearing a mask where appropriate, eating less heaty food and drink more water.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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