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S-REITS: Short-term Weakness But Recovery Story Remains Intact
The reintroduction of tighter measures to curb social gatherings imposed in mid-May to June 2021 is likely to impact earnings performance of S-REITs in the second quarter this year. However, unlike during the Circuit Breaker last year, measures though strict were less pronounced as non-essential services had been permitted to continue operating. The recent measures were also shorter in duration, spanning just one month.

Meanwhile, the risk of future restrictions or measures is also decreasing as nation’s vaccination rate climb. As of end-May 2021, over 1.7 million residents have completed the full regimen, bringing the fully vaccinated rate to over 30% of the 5.7 million population. At this trajectory, a conservative estimate of at least 60-70% of the population can be fully vaccinated by the end of 2021.
The light at the end of the tunnel is that a highly vaccinated population could allow for the economy to reopen for visitors. We see scope for more economic momentum in second half of 2021, as business activities will resume faster than before. The recovery story for S-REITs remains intact…

Join us and Phillip Capital Management as they share on why you should stay invested in Phillip Singapore Real Estate Income Fund amidst the latest tightened COVID-19 measures.

Speaker: Martin Chong | Director, Portfolio Management | Phillip Capital Management

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Aug 5, 2021 06:00 PM in Singapore

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