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SG Reits – is now a good opportunity for entry? Evidence from EPRA/NAREIT ASIA ex Japan Reit Index

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In Nov 2023, I presented to many institutional investors that likely expecting a recovery in SG Reits, although don’t expect exponential growth. SG Reits rebounded during that period. You might want to watch this video

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Key question whether the recent correction in SG Reits represents an opportunity.
 
I am going to present my thoughts on this index: FTSE EPRA/Nareit Asia ex Japan REIT Index.
 
About FTSE EPRA/Nareit Asia ex Japan REIT Index
 
The FTSE EPRA/Nareit Asia ex Japan REIT Index is part of the FTSE EPRA/Nareit Global Real Estate Index Series, which is designed to represent general trends in listed real estate equities worldwide. This specific index focuses on the Asia ex Japan region and includes real estate securities that are traded in eligible markets.
 
8 of the top 10 constituents are SG Reits.
 
SG Reits weightage is close to 50%.
 
As an index, I believe this is a good representation of SG Reits.
top 10 constituents
Technical views on the index
1. The broader trend is still downwards.
 
2. There was a price surge between Oct to Dec 2023. This surge reversed a short-term downtrend.
 
3. The current correction, if supported and rebounded, is a confirmation of this reversal.
 
4. The key is for the price to move towards and trade higher at 1900. If so, then the index is showing a nice mid-term reversal too.

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