SG Office REITS

SG Office REITS: Daiwa has an office REIT report, with house maintaining a Negative rating on sector and believe their performances could disappoint this year, due to weaker-than-expected increases in spot rents for 2011, tempered by a record addition of new office supply (gross increase of 2.79m sq ft), in the downtown core planning area (downtown core) for 2011….

Maintain Hold for CapitaCommercial Trust, citing valuations are the least demanding in the office S-REIT space, a return of capital or an announcement of a DPU-accretive acquisition or development project could be a positive unit price catalyst….

Maintain Hold for CapitaCommercial Trust, citing valuations are the least demanding in the office S-REIT space, a return of capital or an announcement of a DPU-accretive acquisition or development project could be a positive unit price catalyst….

Downgrades Suntec REIT to Underperform Hold, and believe 2011 earnings could disappoint given that, in its 2011 circular, its DPU forecast of 8.7¢ is still 5.9% below revised DPU forecast…

Maintain Sellfor K-REIT Asia, expecting REIT to face considerable impediments in raising equity to finance the rest of its sponsor’s newly-developed grade-A office properties.