Based on my analysis, it's a current secondary downtrend perhaps looking at budget coming out later today. If anything, I think it's a good buy at anywhere around 1.31 - 1.33 with average TP (from the other analysts) at 1.53 so that's 15% return on top of your 5-6% div.
Like hikeyila says, REITs are buy and hold strategy or FD strategy, you can't be trading it and looking for annual div yield at the same time.
Bajet 2014 our dividend will not affect. Property companies do not pay a single sen of addition tax, only speculators do.. Market noise may want people to sell cheap.
not forgetting to inform that at least 20% occupant will need to pay higher rental after 31 December 2013 ... and having sunway hospital to be under SUNREIT :D $$$
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Yap Fook Yik
45 posts
Posted by Yap Fook Yik > 2013-09-20 17:19 | Report Abuse
Many people goreng sunreit. Make the price fall.