S-REITs Bi-Weekly Updates (16-30 Jun 21)
Economic recovery is expected to gather pace with the acceleration of COVID-19
vaccination in Singapore and many developed countries. We recommend a balanced mix of New Economy and re-opening plays. BUY New Economy plays ALLT (Target: S$0.89), AREIT (Target: S$3.83), FLT (Target: S$1.79) and MINT (Target: S$3.62). BUY reopening plays FCT (Target: S$3.06), FEHT (Target: S$0.71), LREIT (Target: S$1.01), KREIT (Target: S$1.49) and UHU (Target: US$0.95). Maintain OVERWEIGHT.