Buy @ $1.755
A new addition to my portfolio. Prices had been dropping fm $2 highs before their results on 23-Apr. DPU = 2.23ct, only slightly higher yoy = 2.229ct and a lot lower than qoq = 2.577ct. But, looking at the past 2 years of Quarterly DPUs, there seems to be income smoothing in action, with DPUs increasing from a low in Q1 and slowly increasing in Q2, Q3, with a bigger jump in Q4. Still prices continued to weaken after results and even after xd..
From the Yield POV, it ranks 7th (of 9) for Malls/Office REITs…. Not exactly a good Yield Play but more as an opportunistic buy during 9am matching as prices were lower… 😀
Sell @ $1.77
Jump-Q to sell during 5pm matching as it started matching at $1.785… too tempting for me… but, ended up with only Kopi-$$ as it finally matched lower… 😀