S-REITs update – week ending 12 Jun 2020

The stock market saw significant gains early this week. But the last 2 days saw major sell down arising from Dow Jone’s decline for 2 consecutive days towards the end of the week.

The following is a status update of the S-REITS performance as at end 12 Jun 2020. The industrial REITS shine in the midst of the Singapore economy gradually opening up. Their tenants are also mainly made up of companies that are in the “essential” sectors of the economy. In the midst of uncertainties, industrial REITS are likely to be the ones that will provide sustainable returns.

It is also interesting to observe the buying activities and trends of insiders in the listed companies. The following 2 charts show you which companies have been buying and selling their own shares. This shows their “confidence” in a limited way – we note that everyone has their reasons for selling, which could be for diversification purposes.

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