UOB is recommending investors seek shelter in dividend-yielding stocks such as Singtel, ST Engineering, SPH, SATS, REITs and plantation companies on the back of continuing market
volatility in the aftermath of Brexit, according to a report issued on Monday.
Within the REIT space, UOB recommends investors seek refuge in defensive REITs that have no exposure to Europe. These include Parkway Life REIT, Frasers CT and
Mapletree Industrial Trust, with target prices of $2.38, $2.15 and $1.61 respectively.
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