Dear readers, ever since the previous post on the overbought Singapore Reits and Trusts, there are even more Singapore Reits and Trusts that find themselves overbought. I think this could be due to investors flocking to what seemed to be safe picks in the current volatile stocks market backdrop.
Eight Singapore Reits and Business Trusts remain overbought as of the previous post. They are:
AIMS APAC Reit
ARA Hospitality Trust USD
Asian Pay Televison Trust
Far East Hospitality Trust
Frasers Commercial Trust
IReit Global
Lippo Malls Trust
Netlink NBN Trust
Twelve other Singapore Reits and Trusts are only recently overbought, they are:
BHG Retail Reit
CDL Hospitality Trust
EC World Reit
First Reit
Frasers Hospitality Trust
Frasers L&I Trust
Keppel Infrastructure Trust
Keppel Pack Oak Reit
Mapletree Logistic Trust
Sassueur Reit
SPH Reit
Starhill Global Reit
While overbought stocks do not necessary mean these stocks will head south in prices soon, given the current stocks markets backdrop, it is likely stocks will trend lower. What’s more for overbought stocks.
Besides, the fundamentals of many businesses have changed so much so there is no certainty that equities including Reits and Trusts will continue to pay the usual typical high dividend yields going forward.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! 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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