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AIMS AMP Capital Industrial REIT: Firm support.

Wednesday, January 5, 2011

The last time I blogged about this REIT was on 29 Dec and I mentioned the rising MACD. This is still valid today. The MACD is rising gently and seems on the verge of crossing into positive territory. With the longer term 100d and 200d MAs both rising, it would seem to be a matter of time before the resistance at the 50dMA is taken out. This is at 22c.


The MFI has been forming higher lows and would be testing 50% once more. If it overcomes this, it would mean an expansion in volume at the current price of 22c or higher. This is one counter that has very limited downside and a nice probability of trading to 25c (for an 8% yield). In the meantime, at 22c, its distribution yield is about 9.1%. I am accumulating.

Related post:
AIMS AMP Capital Industrial REIT: Rising MACD.

6 comments:

Dagmar said...

Hi AK,
Yup have been switching from FSL/Cambridge to AIMSAMP and First REIT. When AIMSAMP goes to 25cents, we go drink teh tarik together :) My treat :)

AK71 said...

Hi Dagmar,

I am looking at divesting more FSL Trust too. Of course, I am no longer vested in CIT.

I am again waiting at 21.5c to collect more AIMS AMP Capital Industrial REIT but it looks like it could be an unrewarding wait.

Thanks for the offer of Teh Tarik. :)

Gerard said...

Hi AK

Curious.. Wats ur basis for a 8% yield ~~ 25c TP?

AK71 said...

Hi Gerard,

The believe that this REIT is undervalued is based not on just the fact that it is trading below NAV but because of its relatively higher yield.

If we believe that Industrial S-REITs should trade at similar yields, then, this REIT's yield should compress closer to 8% which would mean a unit price of 25c. :)

Gerard said...

I see. Could you pls share your source on info for the Industrial S-REITs yield of 8%?
Thanks =)

AK71 said...

Hi Gerard,

For a quick sweep, you might want to visit the following site:

http://reitdata.com/

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