Those who know Jeremiah well would know of his inherent dislike of consultants and analysts. If they are really that good, why don't they be their own bosses?
This truncated piece below published in Business Times last week show how out of touch with reality some of their work are. The article makes the case for investing in Singapore REITs. While discussing the Suntec REIT, our dear author said that F1 augurs well for retailers at Suntec. Open your eyes, dude.
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Home ground advantage
Business Times, 24 Sep 2010
DEREK TAN explains why investors should focus on Singapore Reits with exposure in retail and hospitality.
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We therefore expect a boost in retail spending from the Formula One race, which is returning for its third year. With recent media reports indicating a strong take-up of hospitality offerings during race week, we believe the leasing and rental outlook will become increasingly buoyant and that present occupancy levels will be sustained for retail landlords. Hence, among the pure-play retail Reits, our pick is Suntec Reit, which stands out as direct exposure to the strong pedestrian traffic flow for Suntec City in the coming months. Also, its prime location in the Marina Bay area and proximity to the F1 race track augurs well for its retail tenants.
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The writer is an equity analyst for the property sector at DBS Vickers Securities
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