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Broker retains outlook for S-Reits stocks as overweight
Amongst notable Reits are MPACT and FLT.
The stocks for resilient Singapore Reits have an overall outlook of overweight, UOBKayHian said in a report.
The MPACT and FLT posted high earnings, with MPACT posting 84% increase due to its merger with MNACT.
FLT, meanwhile, documented 2.8% positive rental reversion and retained 100% occupancy rate for logistics properties in Australia, Europe, and the UK.
MPACT has a a target price of $1.56 and FLT has a buy call and a target price of $1.56.
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