In today’s briefing:
- Transportation Stocks on Move in Early 2024
- REIT Watch – Logistics real estate remains top segment despite slowdown in S-Reit acquisitions
Transportation Stocks on Move in Early 2024
- The WTO has forecasted a rise in global trade volume in 2024, especially for business cycle related goods.
- In Singapore, the 10 most traded stocks of the Sector have averaged 5.8% gains while booking S$25 million of combined net institutional inflow.
- Among Singapore’s 10 most traded Transportation stocks, the three strongest performing stocks over the past fortnight included COSCO Shipping Singapore, Chasen and Samudera Shipping, averaging 16.6% gains, with all three notching up higher trading turnover levels compared to 2023 levels.
REIT Watch – Logistics real estate remains top segment despite slowdown in S-Reit acquisitions
- REIT Watch – Logistics real estate remains top segment despite slowdown in S-Reit acquisitions Global real estate investment trusts (Reits) faced challenges in 2023 led by the impact of higher interest rates.
- In 2023, 11 S-Reits announced asset acquisitions valued at more than S$6 billion and exceeding S$3 billion in total purchase consideration.
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