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CGS INTERNATIONAL |
UOB KAYHIAN |
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Property Devt & Invt A lull in Feb 2026 home sales
■ Feb 2026 ex-EC private home sales fell 84.4% yoy and 47% mom. ■ We expect 2026F home sales to be stable yoy, with prices up 0-3% yoy. ■ Retain sector Overweight. Our sector picks are UOL, CIT, CLI.
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Centurion Accommodation REIT (CAREIT SP) Positive Takeaways From Taiwan
Conference Highlights • Singapore’s structural shortage of PBWAs should continue to support earnings, with regulation, zoning and standards restricting supply and reinforcing CAREIT’s pricing power. • Regulation continues to be a compelling competitive moat for CAREIT. • CAREIT trades at an attractive 2027F distribution yield of 7.3%. Maintain BUY and target price of S$1.55.
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UOB KAYHIAN |
UOB KAYHIAN |
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Link REIT (823 HK) 9MFY26 Largely In Line; Sharper Focus On HK Retail & Car Parks; Advance Non-Core Divestments
Highlights • 9MFY26 operational updates are in line with our expectations, with the Hong Kong retail portfolio seeing a slight deepening in negative rental reversion and early signs of recovery of tenant sales.
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Banking Seizing Opportunity Amid Uncertainty
Highlights • The sector continues to offer attractive dividend yields in excess of 5%, with further capital management upside remaining intact. • Even with a severe case scenario of a 50bp OPR cut, we estimate sector earnings would decline by only ~6%, with dividend yields still holding at an attractive ~5.2%,
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