Wednesday, June 12, 2013
Marc Faber's Favorite Singapore REITs.
Marc Faber : That's right. I like stocks such as SIA Engineering [SIE.Singapore] and Kingsmen Creatives [KMEN.Singapore] in Singapore. As for REIT stocks, they rose 40% last year, and are up 10% to 15% this year. They won't keep rising that way, but yields of 5% and 5.5% compare favorably with those of U.S. REITs. Plus, if inflation picks up, the REITs can raise their rents. In a world of inflated asset prices, there is a competition to choose the least-ugly assets. - in Barron's
Posted by Biz TV