S-REITs Bi-Weekly Updates (16-31 Mar 22)
The domestic economy will receive an uplift from the easing of social distancing
measures and the border reopening. Externally, the Russo-Ukrainian war creates
heightened uncertainties and has pushed bond yields higher. We seek solace and
support from S-REITs with resiliency. BUY ART (Target: S$1.29), FCT (Target: S$2.98),
MCT (Target: S$2.48) and MINT (Target: S$3.72). Maintain OVERWEIGHT.