$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$Opportune time to buy?
With the recent drawback in the stock price, I personally feel that it's a good time to buy.
Based on Refinitiv consensus estimate, analysts generally think that the business is likely to outperform, hence a good business to buy into with a target price of $2.981.
Currently, the stock is down to $2.570, hence there is a potential upside of ~15%. Not forgetting it's attractive dividend yield of >4%.
Noting that the covid measures have been furtherrelaxed even, work is returning back to the norm.And this will likely to have a positive impact on this REIT.
What do you think, fellow Tiger investors?
@Daily_Discussion@TigerStars@MillionaireTiger@CaptainTiger
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many reits already dropped and trading at 0.7x book value only