Daily Archives: October 12, 2018

12Oct

2019 may well be retail REITs’ time to shine, says DBS,

Retail REITs have an opportunity to shine next year, says DBS cluster analysis, given systematically robusttake-up rates for coming retail areas this year that ar a mirrored image of healthy demand within the retail arena.

Ahead of its gap, Changi airdrome cluster proclaimed Jewel has achieved committed occupancies for pretty much ninetieth of its retail house supported NLA of 575,900 sf.

“With commitment for Jewel currently about to ninetieth, we have a tendency to believe that capitalistconsiderations over potential oversupply problems – the most drag on the retail sector’s lacklustre performance this year, in our opinion – ought to begin to dissipate,” says lead analyst Carmen Tai in an exceedingly weekday report.

Jewel can feature over 280 outlets and eateries, which can wrap the mall’s Forest vale and Rain Vortex, permitting shoppers to traverse seamlessly between nature and retail.

Six of ten brands are going to be new Changi airdrome and F&B operators can represent over half-hour of Jewel’s retail combine as well as new market ideas like Shake Shack, Pokemon Centre Singapore and A&W likewise as native brands like VioletOon’s, Tiger brew and Naiise.

Tay says near-term disruptions ar probably to be seen to existing malls within the east (Tampines Mall, 11.6% of Capitaland Mall Trust prime line) and Changi town purpose (13.5% of Frasers Centrepoint Trust prime line) and even to as so much as VivoCity (55% of Mapletree business Trust revenues) as shopper travel patterns and retail spent could be pleased to the newer malls because of “novelty effect” with the gap of Jewel in early 2019.

However, Tai doesn’t expect these disruptions to be structural in nature and “travel patterns ought to cometo normalcy within the medium term because the result runs out”.

Furthermore, with many retail REITs getting down to see positive reversions within the recent quarter, she believes the worst for the world is sort of over.

“Given restricted new offer, and as vacancy risks still contract, we have a tendency to believe that 2019 may well be the sector’s time to shine,” says Tay.

12Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices rose more than 1% on Thursday, regaining the psychologically important $1,200 level as a rout in global stock markets spurred by fears over rising bond yields, slowing global growth and trade tensions bolstered safe haven demand. December gold futures were up $13.90 or 1.16% to $1,207.30 by 07:45 AM ET (11:45 GMT) on the Comex division of the New York Mercantile Exchange.
  • OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output. Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments from OPEC’s third largest oil producer.
  • Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy and sludgy crude. That’s because, apart from being a source of fuel, it’s also rich in bitumen — a black residue used to build everything from roads to runways and roofs.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficits. “I’m paying interest at a high rate because of our Fed. And I’d like our Fed not to be so aggressive because I think they’re making a big mistake,” Trump said in a Thursday morning interview on Fox & Friends.
  • White House economic adviser Larry Kudlow said in an interview with CNBC on Thursday that the Federal Reserve remained independent and U.S. President Donald Trump is not dictating policy to the Fed. His remarks came hours after Trump criticized the Fed for raising interest rates too quickly, in his second attack against the central bank in the past 24 hours.
  • China drew over $17 billion in orders for a sovereign dollar bond sale of $3 billion on Thursday against a backdrop of a global market sell-off and trade war with the United States. The $3 billion deal is only the third U.S.-dollar denominated issuance by China in the last 14 years. It returned to global markets in October last year for the first time since 2004. China is selling five-year, 10-year and 30-year bonds at 30-35, 45-50, 70-75 basis points (bps) over U.S. Treasuries, respectively, according to a term sheet seen by Reuters.

COMEX GOLD SIGNAL

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