CapLand Ascendas REIT private placement

MilkTeaBro
2023-07-07

CapLand Ascendas REIT closed a private placement at issued price 2.727 on 16 May 2023. The investment bank and financial institute are qualified person who can take the private placement. That price did not entitle the dividend payout on 26 Jun 2023.

Anyone can buy Ascendas at below 2.72 now are luckier than the smart financial expert.

Fed will have two more 0.25 interest hike, Powell looks not bluffing. It could be power of ‘last straw’ to the market. But the actual impact is only on ‘emotional level’. There is not much difference between 5.0 and 5.5.

The most import that we are very close to the end of tunnel, it is not far away from stopping interest hike.

RHB gave a comment on Ascendas REIT, ‘ A Defensive Shelter’ on 4 May 2023, TP 3.25.

$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$

$NikkoAM-STC Asia REIT(CFA.SI)$

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Comments

  • JohnnyYoung
    2023-07-07
    JohnnyYoung

    I think the company’s retail malls and offices continue to see an uplift in profitability and valuation, thanks to an enlarged portfolio of tenants, rejuvenation of its retail and lifestyle offerings, and diversified revenue streams. 

    • MilkTeaBro: 
      this REIT like small size REIT ETF, diversified portfolio
  • WendyDelia
    2023-07-07
    WendyDelia

    reit stocks are really hard now definitely not a good time to buy.

    • MilkTeaBro: 
      nobody wanted it time give a good price.
  • JohnnyYoung
    2023-07-07
    JohnnyYoung

    Well, just examine a REIT’s attractiveness with metrics like DPU and NPI, and comparing its stock price before you buy

  • Aqa
    2023-07-07
    Aqa
    Thanks fir highlighting this reit. Liked, shared, comment and here ti support my friend. 👍🏻
  • Jenny_Li
    2023-07-08
    Jenny_Li
    it has a good record and earned reputation
  • LiverpoolRed
    2023-07-09
    LiverpoolRed

    @LMSunshine  

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