Mapletree Pan Asia seems to have found its support line

S-REITs have experienced a pullback recently after the MAS mentioned that they intend to maintain the strength of the SGD to control inflation. The interest rate might not be cut as expected, which has caused the current situation we see in S-REITs.

Mapletree Pan Asia’s manager has mentioned the high interest rate environment. Additionally, the divestment of Mapletree Anson has further worsened the financials and led to a drop in distributions.

The share price seems found its support. Let's see whether the share price sustain.