$Prime US ReitUSD(OXMU.SI)$shares continue to trend downward, despite Phillip Securities and RHB analysts have maintained a ‘buy’ rating on Prime US Reit shares with target price of USD 1.00 on 23 May 2022 and USD 1.02 on 13 May 2022 respectively.

The graphs below have shown that the net income and cash flow of Prime US Reit have been improving since the beginning of the year 2021. The dividend yield is 9.542%.

U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday (10 June 2022) as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve.

An aggressive push higher on interest rates by the Fed could send the economy into recession.

Based on the above news, I believe the stock price for most of the reits will continue to drop further as they are normally sensitive to interest rate hikes.

May consider to buy a small quantity when the price drop further to average down my cost price. I will split my purchase of the stock in 3 to 4 tranches rather than going all in at one time. As we do not know when the stock price will drop to the lowest.

# 💰 Stocks to watch today?(26 Nov)

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  • StarLuck
    ·2022-06-12
    Thanks for sharing😀
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    • newtoUS
      yes
      2022-06-15
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    • HelenJanet
      Thanks for your support 👍[Happy]
      2022-06-12
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  • Jason1616
    ·2022-06-15
    There r better reits out there. Office reits tends to be less attractive when recession hits. Office scale down or move to cheaper rentals
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    • HelenJanet
      Thanks for your advise 👍😊
      2022-06-15
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  • 和我一起成长
    ·2022-06-14
    希望今晚可以睡个安稳觉!
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    • HelenJanet
      我们大家都希望,不必担心和过得那么惊心动魄的一晚。加油吧💪🏻💪🏻
      2022-06-14
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  • Huhu88
    ·2022-06-15
    Thanks
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  • Lely84
    ·2022-06-15
    keep it up
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  • lets.play
    ·2022-06-15
    nice
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  • JcJc
    ·2022-06-15
    Ok
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  • DQS4288
    ·2022-06-15
    👍🏻
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  • JCWOO
    ·2022-06-15
    ok
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  • qazwsxedcrfv
    ·2022-06-15
    [Like]
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  • KevinToh
    ·2022-06-15
    Nice
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  • Jimmy90
    ·2022-06-15
    👍
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  • TheCrazyOne
    ·2022-06-14

    ok

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  • Demon5ki
    ·2022-06-13
    ok
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  • 甜甜圈大
    ·2022-06-13
    [微笑]
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  • Boo2020
    ·2022-06-12
    k
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  • T20211211013
    ·2022-06-12
    .
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  • H2739
    ·2022-06-12
    Ok
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  • Nggimseng
    ·2022-06-12
    Wait
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  • Ackw
    ·2022-06-12
    👍
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