CapLand Ascendas REIT private placement
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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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.
reit stocks are really hard now definitely not a good time to buy.
Well, just examine a REIT’s attractiveness with metrics like DPU and NPI, and comparing its stock price before you buy
@LMSunshine
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