SG Property: JP Morgan has sector report on impact from Jap Earthquake. House estimate direct earnings impact at less than 5% of the total rev and direct property damage at less than 1% of NAV for most listed vehicles except for Saizen REIT. Cite near-term volatility expected for stocks with significant Jap exposure….
Eruptions in economic activities and currency volatilities would further impact those with significant Japan exposures in near term. Expect most impact on Global Logistics Properties and Mapletree Logistics Trust.
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