UOB Kay Hian has maintained an overweight recommendation for Singapore real estate investment trusts (REITs), The Edge reported Friday.
REITs tied to business parks and high-tech buildings will benefit from a boost in the country's manufacturing industry due to a potential preferential tariff for pharmaceutical and semiconductor exports to the US, the report said, citing analyst Roy Chen.
Singapore faces a limited impact from the US' tariffs given the strategic partnership between the two countries, the report cited the analyst as saying.
Notably reduced tariffs for pharma and semiconductor products would enable Singapore to have a competitive edge, pooling in more related companies to establish a base in the country, the report cited Chen as saying.
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