hydros
2022-04-18

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$has broken out of a multi month downtrend and started a short term uptrend. Since getting rejected at 2.72 which is also the previous horizontal resistance at 2.72, price has been trending down gradually. The price is expected to be supported by 2.62 horizontal support, which provides a decent yield of 5.1% at about annual 13.4c dividend. 

Fundamentally,  this quality REIT has a strong sponsor and been growing its dividends year after year. Recently it has also been growing its data center portfolio and could be a good data center play given its higher dividend yield than the other 2 sgx listed data center reits.

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Comments

  • EndoGoh
    2022-04-19
    EndoGoh
    will buy more, this is good reits, long term dividend collect
    • hydros: 
      yes indeed. I have been accumulating as well.
  • LeilaLynch
    2022-04-18
    LeilaLynch
    Do you think the share price of this fund will continue to fall? Has it hit bottom and is about to rebound?
    • hydros: 
      I think there's support in the 259 to 262 region. again it's subject to hoe fast interest rates rise.
  • KittyBruno
    2022-04-18
    KittyBruno
    Thank you for the author's recommendation, and I agree with you, but is this the best time to buy MAPLETREE INDUSTRIAL TRUST?
    • hydros: 
      Hi, I can't predict the market. However, I can identify likely prices where it will stop falling, hence termed as support.As an investor, I buy in tranches when I think the yield is attractive enough.
  • jwleong
    2022-04-18
    jwleong
    Great ariticle, would you like to share it?
    • hydros: 
      Thanks for the compliment.  Please feel free to share.
  • Enereskob
    2022-04-20
    Enereskob
    Agree with you that this is a good REITS. Attractive dividend yield.
  • MatthewWalter
    2022-04-18
    MatthewWalter
    Listen to the author, but I think it may continue to fall, but it will rise in the long run.💪💪💪💪💪
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