Dear readers, there are currently three oversold Singapore Reits and Trusts.
These Reits and Trusts are:
1)BHG Retail Reit
2) FSL Trust
3) HPH Trust
BHG Retail REIT is the first retail REIT sponsored by an established PRC homegrown retail property operator, Beijing Hualian Department Store Co., Ltd., (the “Sponsor”) listed on SGX. BHG Reit is currently undervalued with a Price-to-Book ratio of 0.71. The Reit has a dividend yield of 6.56%.
FSL Trust is a trust whose business is in leasing services across major maritime segments. The trust has paid dividends till 2012 and it presented investors with two cash options for Feb 2020 and May 2020. The trust is undervalued with Price-to-Book ratio of 0.45. However, investors may wish to note that this trust is currently placed under SGX’s watchlist.
HPH Trust needs no introduction. The trust had fallen price from USD 1.01 at IPO to the current USD 0.115. With a Price-to-Book ratio of 0.30, and a high dividend yield of 12.25% (partly due to the low price), I believe this trust is likely to be privatized in time to come.
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