Buy @ $0.885 for yield of 4.61%. Try to catch those who shorted, see whether T+3+2 (3 or 4-Aug)can make some money. If not, then hold as I hv some from IPO @ $0.68, so average cost is $0.84.
In the mid term, price may drop but I’ll likely buy more. Even tho’ the yield @ 4.61% is not that good, MapleTree hv plans to acquire more property assets fm its parent within the next 6mths to 1yr (if they can get a waiver fm MAS. If not, worst case, 1 yr). Assuming it doubles its asset base (base is small, so easy to double) and at the same yield of 6%, we get an average of 5.31% (ave of 6% + 4.61%), which is not too bad after all. Further, as an exisitng shareholder, I may get preference for any new share issues, which is usually at 1:10 allotment (not fantastic but still better than IPO balloting where you may get none).
Disclaimer : The above is my opinion only. Do not rely on it for your investment decisions.