Sell @ $0.45
Decided to take profit for the ones I'd bought prior to the results. Q3 results was released on 6-Nov after mkt closed. Some points,
- DPU = 0.87ct vs 0.93ct (Q2) ie. -6.5%
- Yield = 7.733% ; Gearing = 28.2% ; NAV = $0.4528 (-20% from Q2)
The impact of a weaker Indonesian currency is more pronounced at NAV (-20%) vs DPU (-6.5%). This is likely due to Curency Hedging. The Yield remains attractive if one can stomach the uncertainty due to currency risk.
As I do have quite a significant exposure here, I have decided to sell some of my shorter term ones. I still have one more batch to sell if I do decide to do that before it xd . 😀