Published:
This is the biggest threat to SREITs' attractiveness
They're already down 9.4%.
According to Maybank Kim Eng, they expect the current “QE-inflated growth” to run out of steam in the months ahead and S-REIT prices will continue to rationalize.
"Despite our regional economics’ team’s expectations that QE will persist through 2013, the fact that Bernanke’s mere hint of QE tapering on 22 May had driven the S-REITs down by 9.4% by 3 Jun showed how jittery investors have become with yield plays," Maybank Kim Eng said in a report.
"While some will find S-REITs to be still attractive, we believe fears of impending stimulus withdrawal and rate hikes overhang will cap further upside."
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