Short Wharf REIC: Structural De-Rating and Weakened Luxury Consumption
We think Wharf REIC, owning luxury malls in Hong Kong, is undergoing a structural de-rating, on the back of macro headwinds, currency impact as...
278 Views
SG RE Developers: The Physical Market Recovery, Improved Capital Recycling, & Valuation Dislocation
Singapore real estate developers are positioned for a re-rating, on the back of physical market recovery, accelerated M&As, as well as attractive...
289 Views
LONG Singapore REITs: Capturing the Yield Compression Cycle and Asset Recycling Renaissance
We think Singapore REITs are well positioned for a re-rating, on the back of steep interest rate decline, accelerated M&As and recovery in the...
300 Views
LONG UOL – The Rerating Imperative in Singapore Real Estate
We think Singapore real estate is beginning a new bull cycle, on the back of steep decline in 3M SORA. We like UOL due to its exposure in...
241 Views
LONG GDS: A High-Beta Asia Digital Infrastructure DC Operator
We think GDS is a high beta play on Asia DC market operators, on the back of its flexible capital recyling, high velocity AI execution, as well as...
313 Views