Aren't some of thier middle management get free stock thru MIP programme and able to sell less than RM0.40 to get profit and buy other better stock to make money?
Just wonder why the panic selling. This is a dividend stock with a forecasted yield of 5.6% (0.0398/0.71) which is pretty decent. With the drop in share price the yield is even higher now.
Another shot at RM0.605, the expected dividend from reit is very easy to estimate as they need to pay 90% of their profit. As long as the dividend is very attractive, just collect for mid or long term with this discount price.
if we kira the worst 2021 dividen payout is 20% lower than 2020 it will be 0.0344/Unit. if I invest in 0.61, the dividen yield will be 5.6%. (0.0344/0.61). This is the worst case scenario. So i think is a good buy.
If I'm not wrong, the initial stage of sunreit listing was below market value for awhile and the gradually up (may be REIT was not so popular 10 years ago).
This counter appears on HFT radar this morning. Means, more hedge fund and institutions started buying.... For institutions, they are going for the good dividends...
It's going to a good day starting from today's onwards. Happy invest everybody....
This counter appears on HFT radar this morning. Means, more hedge fund and institutions started buying.... For institutions, they are going for the good dividends...
That is what we call accumulation process to remove weak holders before we can start increase the price. This counter attract institutions for thier dividends and potential capital gain to restore its original IPO price > RM1.
We will do shake out in the afternoon because we still can see some weak holders. We probably bring back the price to 0.61 this evening to clear them. You may take profit first if you want to.
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....
iHunter
711 posts
Posted by iHunter > 2021-09-21 08:09 | Report Abuse
Aren't some of thier middle management get free stock thru MIP programme and able to sell less than RM0.40 to get profit and buy other better stock to make money?