3.590High3.510Low383.80KVolume3.590Open3.570Pre Close1.35MTurnover3.82552wk High0.06%Turnover Ratio605.00MShares3.25552wk Low0.166EPS TTM2.12BFloat Cap4.893Historical High21.14P/E (Static)605.00MShs Float-0.785Historical Low0.166EPS LYR2.24%Amplitude0.15Dividend TTM1.50P/B100Lot Size4.16%Div YieldTTM
What’s happening in the markets - 2 May
The S&P 500 closed lower in a volatile session after the Federal Reserve kept interest rates unchanged and singled rate hikes were not probable. While stocks initially jumped after Fed Chairman Jerome Powell said further rate hikes were unlikely, these gains faded into the market close.
STI <Closed> HSI <Closed> NKY ⬇️ 0.34%
S&P 500 ⬇️ 0.34% Nasdaq ⬇️ 0.33% DJIA ⬆️ 0.23%
What's Sprouting
🌱 DBS reported a net profit of S$2.95 b...
Reduce into higher rates
sold more than half of my position today. yield of 4% and div increase of 2.8% annually, I find it hard to justify it's current price and value. looking to exit fully if the run continues.
projection at current price, yield on cost to reach 5% in 2030. growth is too slow. entry below 3.4 could make sense as a long term play
Stronger-than-expected US Retail Sales figures have led to a shift in the US Federal Reserve's approach, cooling market speculation about interest rate cuts. Coupled with risk aversion due to the Israeli retaliation towards Iran, SREITs sector sentiment has turned increasingly bearish.
Earning reports for period ending 31 March are due to be released.
$FRASERS LOGISTICS & COM TRUST(BUOU.SG)$$CapLand Ascendas REIT(A17U.SG)$$Mapletree Log Tr(M44U.SG)$$Mapletree Ind Tr(ME8U.SG)$$CapLand IntCom T(C38U.SG)$$FRASERS CENTREPOINT TRUST(J69U.SG)$$Keppel DC Reit(AJBU.SG)$$CSOP S-REITs INDEX ETF(SRT.SG)$$ParkwayLife Reit(C2PU.SG)$
iEdge S-Reit Index Weekly Review 15 Apr 24
Stronger-than-expected US CPI figures have negatively influenced market sentiment towards SREITs, dampening hopes for interest rate cuts. Concurrently, escalating tensions between Iran and Israel have triggered widespread risk aversion.
$FRASERS CENTREPOINT TRUST(J69U.SG)$$Keppel DC Reit(AJBU.SG)$$Mapletree Ind Tr(ME8U.SG)$$CSOP S-REITs INDEX ETF(SRT.SG)$$CapLand Ascendas REIT(A17U.SG)$$CapLand IntCom T(C38U.SG)$$FRASERS LOGISTICS & COM TRUST(BUOU.SG)$$Mapletree Log Tr(M44U.SG)$$ParkwayLife Reit(C2PU.SG)$
KDC. and Plife, borh my darling reits back in 2019. I will enter dip setup.
iEdge S-Reit Index Weekly Review 8 Apr 24
Despite a relatively cheap valuation for SREITs, I continue to caution prudence. An interesting development on the chart calls for caution. Important US economic data lies ahead.
$CapLand IntCom T(C38U.SG)$$CapLand Ascendas REIT(A17U.SG)$$FRASERS LOGISTICS & COM TRUST(BUOU.SG)$$Mapletree Log Tr(M44U.SG)$$Mapletree Ind Tr(ME8U.SG)$$CSOP S-REITs INDEX ETF(SRT.SG)$$Keppel DC Reit(AJBU.SG)$$FRASERS CENTREPOINT TRUST(J69U.SG)$$ParkwayLife Reit(C2PU.SG)$
Cohen & Steers sells 399,900 Parkway Life units at $3.42 each via open market.
After the sale, Cohen & Steers’ stake in PLife REIT has fallen to 5.96% from 6.02% previously.
Lol
This counter seems like point of no return like my IREIT global
iEdge S-Reit Index Weekly Review 11 Mar 24
The week saw some relief came as we noted some buying pressure towards the end of the week. The Straits Times Index (STI) likely tracked global indexes higher as investors react to the possibility of easing inflation as seen from the US economic data which translates to positive sentiment for the SREITs sector. I also added the latest dividend receieved to the portfolio.
$CSOP S-REITs INDEX ETF(SRT.SG)$$Mapletree Log Tr(M44U.SG)$$CapLand IntCom T(C38U.SG)$$ParkwayLife Reit(C2PU.SG)$$Keppel DC Reit(AJBU.SG)$$Mapletree Ind Tr(ME8U.SG)$$FRASERS HOSPITALITY TRUST(ACV.SG)$$FRASERS CENTREPOINT TRUST(J69U.SG)$$CapLand Ascendas REIT(A17U.SG)$$FRASERS LOGISTICS & COM TRUST(BUOU.SG)$
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