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AIMS AMP Capital Industrial REIT: 21c at XD.

Monday, January 31, 2011

AIMS AMP Capital Industrial REIT went XD today. Price closed at 21c but if we look at the trade summary, 6,459 lots were bought up at 21.5c while only 197 lots were sold down at 21c. I believe that support is strong for this counter at 21c. Remember that 21c is also where we find the rising 200dMA, a longer term MA.


There is nothing fundamentally wrong with this REIT and I will accumulate on weakness. For now, I look forward to receiving the income distribution on 15 March 2010.

Related post:
AIMS AMP Capital Industrial REIT: 3QFY2011.


4 comments:

Anonymous said...

Hi AK,

Finally bought some at 21.5c today. This has now become my largest investment in Singaporean stocks :)

BTW, if you're willing to travel a few more MTR stations, I'm sure you can find better budget hotels in HK than Ibis. For example, a friend of mine recently stayed at a hotel in Tsim Sha Tsui which was fairly decent.

Victor

AK71 said...

Hi Victor,

Congratulations on getting more at 21.5c although getting it as XD means no income distribution this time round.

Tsim Sha Tsui is in Kowloon. Too far away. It would mean travelling through downtown in a crowded train.

Ibis in Northpoint is only 5 stops away to Hang Fa Chuen. Short ride in uncrowded train preferred. ;)

Anonymous said...

Hi AK,

AIMS is getting more and more attractive. I am certain that you are slowly cherry-picking the REIT at current levels ! Not too sure why the Market seems to dislike it so very much. Guess divesting its japanese property (like FCOT) may lead to a re-rating. Meanwhile, enjoy your dividends :)

I will certainly re-consider AIMS REIT if I do divest PST in the future.

Looking forward to more REIT/Trust analysis from you !

Cheers,
Nick

AK71 said...

Hi Nick,

You and I both agreed many moons ago that this REIT is undervalued and that the fair value is closer to a yield of 8%.

It does not matter to me that the market does not like the REIT. I know I like it and why I like it. So, if its price weakens, I will buy more.

Quite elementary, my dear Watson. ;)

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