For Dehong / Tara,
How do you view the potential of serviced residences? Take for the example of Ascott Reit, which is one of the most geographically diversified Reit in Singapore.
Thank you for your patience. We do not have an official coverage of S-REITs within the hospitality sector. But generally we remain optimistic on RevPAR trajectories in Singapore for hotels and serviced residences as the supply glut will taper off from last year. The new URA consultation paper to allow short term accommodation for condos provided 80% of owners agree, is also not seen to be a threat due to the onerous requirements imposed. For other regions, each one of them will have their own demand/supply dynamics so you will need to zoom in property specific for each REIT.
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About :Guangzhi graduated from Singapore Management University with a Master degree in Applied Finance and from South China University of Technology with a Bachelor degree in Electronic Commerce.
About :Paul has almost 20 years of experience as a fund manager and sell-side analyst. During his time as fund manager, he has managed multiple funds and mandates including capital guaranteed, dividend income, renewable energy, single country and regionally focused funds.
About :Tara covers the REITs and Property sector. Previously a consultant advising listed companies on their investor relations strategy, Tara’s transactions experience includes high-profile M&As, IPOs and privatisations.
About :Zheng Jieyuan is a research analyst in Phillip Securities Research, focusing on the China and Hong Kong markets as well as China stocks listed in the US.