Kenny_Loh
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Tiger Certification: SGX SREITS Specialist.REITsavvy Funder. Investment & Legacy Specialist.
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Singapore REITs Mar 2026 Monthly Update @Kenny_Loh
@REITsavvy:Kenny Loh:Singapore REITs Monthly Update (23 March 2026)
Singapore REITs Mar 2026 Monthly Update
@REITsavvy:Kenny Loh:Singapore REITs Monthly Update (23 March 2026)

iFAST Corp (SGX: AIY) 2026 Outlook: Technical Support and Valuation Floors

1. Technical Analysis (TA) - April 2026 $IFAST(AIY.SI)$ is currently in a "consolidation within an uptrend" phase. After the massive rally fueled by the Hong Kong ePension project and the successful turnaround of iFAST Global Bank (iGB), the stock is testing key psychological and structural levels. Long-term Trend: The primary trend remains bullish. A clear upward-sloping support line can be drawn connecting the lows of late 2022 ($3.00 range) and the mid-2024 recovery phase. Current Resistance: $11.50 - $12.20 (Previous peak and major analyst target cluster). Immediate Support: $9.00 - $9.20. The "Long-Term Uptrend Support": This line currently sits approximately at the $7.80 - $8.20 zone. A retrace to this level would represent a healthy 10-15
iFAST Corp (SGX: AIY) 2026 Outlook: Technical Support and Valuation Floors

CLI at the Inflection Point: Technical Breakout vs. Fundamental Value (2026 Update)

Chart Watch: Identifying the Next Major Move for CLI in 2026 โ€ŒAs of March 31, 2026, $CapitaLandInvest(9CI.SI)$ is navigating a fascinating "inflection point." While the technicals show a stock testing a major multi-year ceiling, the fundamentals are shifting toward a higher-quality, asset-light model. โ€Œ 1. Technical Analysis (TA) โ€ŒLooking at the provided chart, we see a textbook ascending triangle/wedge formation that has been developing since early 2025. Major Resistance ($3.125): This is the "Line in the Sand." The stock has tested this level five times over the last three years (blue circles). It is a heavy supply zone. A convincing breakout above $3.12 with high volume would be a massive bullish signal, likely targeting the $3.50โ€“$3.65 range
CLI at the Inflection Point: Technical Breakout vs. Fundamental Value (2026 Update)

Technical Analysis: CLAR Hits Critical Multi-Year Support at $2.50

Based on the technical chart for $CapLand Ascendas REIT(A17U.SI)$ as of late March 2026, the stock is currently testing a significant multi-year psychological and structural floor. Key Support and Resistance Levels Primary Support ($2.50): This is the most critical level on the chart. As indicated by the highlighted circles, the price has rebounded from this level at least six times since late 2022. It represents a "strong buy" zone where historical demand consistently outweighs supply. Immediate Resistance ($2.657 - $2.705): The previous support level at $2.657 has now flipped into a minor resistance. Furthermore, the 50-day and 200-day Moving Averages (blue and green lines) are converging around $2.70 - $2.76, acting as a technical ceiling fo
Technical Analysis: CLAR Hits Critical Multi-Year Support at $2.50

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐‘๐„๐ˆ๐“๐ฌ ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž of 40 REITs (๐Œ๐š๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”)

๐Ÿ“ˆ Technically, Singapore REITs sector (FTSE ST REIT Index) is bearish heading towards the the 2 years low of 622 support level. ๐Ÿ”ฅ Total Market Cap = S$94.2B (โฌ‡๏ธ from S$101.1B) ๐ŸŽฏ Average Price/NAV = 0.78 (โฌ‡๏ธ from 0.86) ๐ŸŽฏ Average Distribution Yield = 5.94% (โฌ†๏ธ from 5.41%) ๐ŸŽฏ Market Cap Weighted Avg Distribution Yield = 5.62% (โฌ†๏ธ from 5.17%) ๐ŸŽฏ Average Gearing Ratio = 39.94% (โฌ‡๏ธ from 39.99% ) ๐Ÿ’น Average Yield Spread (vs SG 10Y Gov Yield) = 3.84% (โฌ†๏ธ from 3.42%) ๐—•๐˜‚๐—น๐—น / ๐—•๐—ฒ๐—ฎ๐—ฟ ๐—–๐—ฎ๐—น๐—น ๐—ณ๐—ผ๐—ฟ ๐—ฆ-๐—ฅ๐—˜๐—œ๐—ง ๐—ฆ๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ (๐—œ๐—ป ๐—š๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐—น): ๐Ÿฎ Valuation (Sector is still mostly trading below NAV) ๐Ÿป Technical Structure Improving (Short Term Trend Bearish) ๐Ÿฎ๐Ÿป Interest Rate Environment Stabilising (SG 10Y @ ~2.12%; there is a risk of returning of inflation / rate hike due to high oil price cause the conflict in Middle East) ๐Ÿป US 10
๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐‘๐„๐ˆ๐“๐ฌ ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž of 40 REITs (๐Œ๐š๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”)

UOB: Value Trap or Contrarian Opportunity at the 200-Day MA?

While $DBS(D05.SI)$ and $OCBC Bank(O39.SI)$ have been grabbing the headlines with record buybacks and "yield-chasing" rallies, United Overseas Bank (UOB) $UOB(U11.SI)$ is currently telling a very different story on the charts. As we hit mid-March 2026, UOB is sitting at a critical technical and fundamental crossroads. Here is my deep dive into why this might be the most "interesting" play of the Big Three right now. 1. Technical Analysis: The Battle for the 200-Day MA Looking at the current chart, UOB is showing significantly more "friction" than its peers. The Descending Channel: Throughout the tail end of 2025, UOB traded within a clear descending channel
UOB: Value Trap or Contrarian Opportunity at the 200-Day MA?

DBS: Is the Post-Dividend Pullback a Value Trap or a Buying Opportunity?

As of March 15, 2026, $DBS(D05.SI)$ is navigating a complex period marked by "peak" earnings sentiment, significant capital returns, and a volatile geopolitical backdrop.โ€Œโ€Œ 1. Technical Analysis: The "CD to XD" Transition โ€Œโ€ŒDBS is currently trading Cum-Dividend (CD). The stock has a significant dividend payout pending, which will create a mechanical price drop on the Ex-Dividend (XD) date. Key Dividend Dates: * Ex-Dividend Date: April 8, 2026. Dividend Amount: $0.81 per share (comprising a $0.66 final ordinary dividend + $0.15 capital return dividend). The XD Drop Expectation: On the morning of April 8, the share price will technically open approximately $0.81 lower than the previous day's close. Current Chart Setup: * The stock has pulled back
DBS: Is the Post-Dividend Pullback a Value Trap or a Buying Opportunity?

OCBC Technical Outlook: Testing Key Support Amidst Market Volatility

Based on the chart provided and current market data as of March 15, 2026, here is a technical analysis and market outlook for OCBC Bank. $OCBC Bank(O39.SI)$ Technical Analysis (Chart Review) The chart displays a strong long-term uptrend followed by a recent healthy correction. โ€Œ Trend Analysis:  The stock has been in a sustained "bull" phase since late 2025. However, it recently hit an all-time high of $21.78 (mid-February) and is currently in a retracement phase, trading around $20.63. โ€Œ Moving Averages (MAs): 20-day MA (Red): The price has slipped below this short-term line, indicating a loss of immediate momentum. 50-day MA (Blue): The price is currently testing this crucial support level. A decisive break below this could signal further
OCBC Technical Outlook: Testing Key Support Amidst Market Volatility

Is Your REIT Dividend a Mirage? 5 Red Flags Hiding Behind a High DPU

For many retail investors, the headline Distribution Per Unit (DPU) is the ultimate scorecard. It is the number that flashes on the screen, dictates the yield, and often determines whether a REIT earns a place in a retirement portfolio. However, as REIT specialist Kenny Loh warns, focusing exclusively on this headline figure can lead to a dangerous "Transparency Gap." The headline DPU is often the financial equivalent of "Gross Salary vs. Take-Home Pay." A high figure on a contract looks impressive, but once you strip away the accounting maneuvers and one-off "bonuses" used to inflate the optics, the actual "spendable" cash generated by the properties can be significantly smaller. To protect your capital, you must look past the "financial engineering" toolkit and identify the red
Is Your REIT Dividend a Mirage? 5 Red Flags Hiding Behind a High DPU

Size vs. Stability: Can the New UIB REIT Outpace the Industrial Heavyweights?

1. Executive Summary: The Industrial Landscape in 2026 In 2026, the Singapore industrial sector is characterized by a "Flight to Quality." While traditional general industrial space faces supply pressure, high-specification assetsโ€”those housing regional HQs, life sciences, and advanced manufacturingโ€”continue to command premium rents. UIB REIT enters this market as a "New Economy" specialist, competing directly with the scale of CLAR and the yield of ESR REIT, while offering superior debt protection. $UIBREIT(UIBU.SI)$ $CapLand Ascendas REIT(A17U.SI)$ $ESR REIT(9A4U.SI)$ $AIMS APAC Reit(O5RU.SI)$
Size vs. Stability: Can the New UIB REIT Outpace the Industrial Heavyweights?

Conflict in the Middle East: What it Means for Your S-REIT Portfolio

The military strikes in late February and early March 2026 between Iran and Israel have sent ripples through the Singapore market. While our local REITs are thousands of miles away from the kinetic conflict, the financial "aftershocks"โ€”specifically oil price surges and interest rate volatilityโ€”are very much a local concern.โ€Œ For the S-REIT investor, the question isn't just about geography; itโ€™s about resilience. Here is how the sector is holding up and which trusts are best positioned to weather a potential "higher-for-longer" interest rate environment. โ€Œ 1. The Macro Picture: The "Inflation Shock" The immediate impact of the conflict has been a flight to safety. Crude oil (Brent) has spiked above US$82, raising fears that the inflation cooling we saw in late 2025 might reverse. The Fed Fa
Conflict in the Middle East: What it Means for Your S-REIT Portfolio

Keppel DC REIT: Record-Breaking DPU and 45% Rental Reversionsโ€”Is This the Data Centre Gold Standard?

$Keppel DC Reit(AJBU.SI)$ โ€Œ As of February 22, 2026, Keppel DC REIT (SGX: AJBU) is demonstrating robust growth driven by strategic acquisitions and strong organic performance within the data centre sector. โ€Œ Technical Analysis (TA) The technical outlook for Keppel DC REIT is currently positive, with the stock showing signs of recovery and momentum. Current Price Action: As of February 20, 2026, the unit price closed at $2.27, showing a slight daily increase of 0.44%. Trend Analysis: The stock has been on a recovery path since a preferential offering in late 2025, which initially caused some dilution but was well-received, being 168.2% subscribed. Support & Resistance: Resistance: Immediate resistance is seen at $2.28 - $2.30. A sustained br
Keppel DC REIT: Record-Breaking DPU and 45% Rental Reversionsโ€”Is This the Data Centre Gold Standard?

Alpha Integrated REIT: From Activist Battleground to Yield Powerhouseโ€”Is $0.50 the New Floor?

$Alpha Integrated REIT(M1GU.SI)$ โ€ŒThe chart depicts a classic bullish trend reversal followed by a strong momentum phase. 1. Trend and Moving Averages Golden Cross: In late 2024, the 50-day moving average (blue) crossed above the 200-day moving average (green), signaling a long-term trend shift from bearish to bullish. Price Action: The price is currently trading at $0.490, well above its 200-day MA ($0.438) and slightly above its 20-day ($0.484) and 50-day ($0.480) MAs. This indicates that both short-term and long-term momentum are firmly in favor of the bulls. Higher Highs: Since the bottom in mid-2024 (approx. $0.320$), the REIT has consistently formed higher highs and higher lows, a textbook definition of an uptrend. 2. Support and Resistan
Alpha Integrated REIT: From Activist Battleground to Yield Powerhouseโ€”Is $0.50 the New Floor?

The Great S-REIT Reset โ€“ Why Not All Recoveries Are Equal

Source: MoneyFM 89.3 Midday Show - Money and Me As we move into 2026, the Singapore REIT (S-REIT) landscape is undergoing a massive transformation. After years of battling a "high-for-longer" interest rate environment, the sector is finally seeing a resurgence. However, as I discussed on MoneyFM 89.3, the narrative has shifted from "Can they survive?" to "Who is actually thriving?" If you missed the live segment, here is a summary of the key takeaways on why this recovery is fragmented and how investors should navigate the "new normal." 1. The "Refinancing Recovery" is Here If 2024 was about survival and 2025 was about stabilization, 2026 is officially the year of the Refinancing Recovery. We have moved past the peak of the interest rate mountain. For the "Thrivers," this means the "cost-o
The Great S-REIT Reset โ€“ Why Not All Recoveries Are Equal

S-REITs Week 6 2026 Recap

Mixed performance across the sector this week as major REITs released FY2025 and 3Q results: ๐Ÿ”น AIMS APAC REIT: Strong 3Q performance with NPI up 4.1% YoY. Portfolio occupancy rose to 95.4% with healthy 8.0% rental reversions. $AIMS APAC Reit(O5RU.SI)$ ๐Ÿ”น CapitaLand Ascendas REIT (CLAR): FY2025 distributable income grew 1.4% YoY. However, DPU dipped slightly to 15.005 cents due to an enlarged unit base from recent fundraising. $CapLand Ascendas REIT(A17U.SI)$ ๐Ÿ”น Digital CORE REIT: FY2025 DPU stood at 3.60 U.S. cents. The REIT expanded its footprint into Japan with a 20% interest acquisition in an Osaka data center. $DigiCore Reit USD(DCRU.SI)$ ๐Ÿ”น First REIT:
S-REITs Week 6 2026 Recap

Stop! Before You Sell Your Portfolio at a Loss, Read This.

In the heat of a market crash, the "red" on your screen can feel like a physical weight. Whether itโ€™s a sudden 10% dip in stocks or a 40% "flash crash" in crypto, the psychological toll is real. However, history shows that for retail investors, the most expensive mistakes aren't made by the marketโ€”they are made by the investor in the moments following a crash. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $Straits Times Index(STI.SI)$ $SPDR Gold ETF(GLD)$ $NVIDIA(NVDA)$ Here is a practical guide on h
Stop! Before You Sell Your Portfolio at a Loss, Read This.

S-REITs - Week 5 - 2026

1. Keppel DC REIT $Keppel DC Reit(AJBU.SI)$ Performance: Reported a massive 55.2% YoY increase in distributable income for FY2025. Key Drivers: Growth was fueled by strategic acquisitions (Tokyo DC 3 and full ownership of four Singapore assets) and a significant 45% rental reversion. Yield: Full-year distribution yield stood at 4.61% based on the 2025 closing price. 2. Mapletree Pan Asia Commercial Trust (MPACT) $Mapletree PanAsia Com Tr(N2IU.SI)$ Performance: 3Q FY25/26 DPU rose 2.5% YoY to 2.05 cents. Key Drivers: Strong performance in Singapore (NPI up 5.3%) cushioned overseas headwinds. VivoCity was a standout, with NPI rising 10.1% on the back of a 14.7% rental uplift. Stability: Achieved a p
S-REITs - Week 5 - 2026

From Floor to Flight: Is Prime US REIT Ready for a Major Re-Rating?

Overview: Prime US REIT (SGX: OXMU) $Prime US ReitUSD(OXMU.SI)$ is a Singapore-listed real estate investment trust that provides investors with a "pure-play" exposure to high-quality Class A office real estate across key primary markets in the United States. Its portfolio currently features 13-14 freehold properties located in high-growth tech and business hubs such as Salt Lake City, Denver, Atlanta, and the San Francisco Bay Area. After a challenging period for the US office sector, Prime is currently positioned as a turnaround play. With a significant portion of its debt recently refinanced and a strategic shift to increase its distribution payout ratio (from 10% to 50%+), the REIT is attracting attention for its deep valueโ€”trading at a stee
From Floor to Flight: Is Prime US REIT Ready for a Major Re-Rating?

Beyond the $5,000 Mark: Whatโ€™s Next for the Yellow Metal in 2026?

As of late January 2026, gold has entered a historic "super-rally," recently smashing through the $5,000 per ounce milestone for the first time in history. This surge follows an already record-breaking 2025, where prices rose by over 60% due to a rare convergence of macroeconomic and geopolitical factors. $SPDR Gold ETF(GLD)$ $UNITED GOLD & GENERAL "A" (SGD) ACC(SG9999001143)$ $FRANKLIN GOLD & PRECIOUS METALS "A" (USD) ACC(LU0496367417)$ d Gold Price Performance (2024โ€“2026) The chart below illustrates the acceleration of gold prices from the $2,000 range in early 2024 to the recent breakthrough past the $5,000 barrier in January 2026.
Beyond the $5,000 Mark: Whatโ€™s Next for the Yellow Metal in 2026?

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