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Sabana REIT: Global Small-Cap Indices.

Wednesday, June 1, 2011

It seems that Sabana REIT will no longer be unloved and the following development probably explains the after market large volume buy up at 94c per unit in the last session:

Sabana Real Estate Investment Management Pte. Ltd., the Manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (“Sabana REIT”), announces that Sabana REIT has been included in the Morgan Stanley Capital International “(MSCI”) Global Small-Cap Indices.

Commenting on Sabana REIT’s inclusion in the MSCI Global Small-Cap Indices, Mr Kevin Xayaraj, Chief Executive Officer and Executive Director of the Manager, said, “The MSCI Indices are widely tracked global equity benchmarks covering companies with good operational results and potential. The inclusion puts Sabana REIT onto the ‘radar screens’ of a much wider group of institutional investors and funds seeking value and performance from markets round the world. We are greatly encouraged to have achieved this major milestone and feel very honored for Sabana REIT to be selected as one of the constituent stocks, considering that it has been listed for only six months.”

Read annoucement here.

With greater exposure to international investors, this could only be good thing for the REIT. Sabana REIT is my second largest investment, together with First REIT, when I last looked. I am looking forward to possibly stronger unit prices in time to come.

Related post:
Sabana REIT: Resistance at 93c demolished.


Anonymous said...

missed the boat again.

seems that 91.5-92 cents are history now. Esp when it is on the index list.

Perhaps I should stockpile my cash reserve in the brokerage trust account and wait for that "one moment in time"


AK71 said...

Hi SnOOpy168,

Hard to say if you have missed the boat. If you are happy with entry prices of 91.5c and 92c, just queue. You never know. ;)

Personally, I feel that with the 50dMA at 93c, hedging with a small long position at 93c can't go far wrong. 93c is, after all, only 1c more than 92c. ;)

Derek said...


I am still holding on to my one lot bought at IPO price. Hopefully this will push it above the IPO price.

AK71 said...

Hi Derek,

Even at $1.05, Sabana REIT's distribution yield for 2011 is still 8.39%.

At $1.10, the distribution yield would be 8%. I think I would be tempted to divest a big chunk by then. :)

Anonymous said...

Hi AK,

I am a regular reader of this blog and would like to have a sense of what it means when you say you have a large investment in XXX share.

Simply put, "What is the percentage of that share in your portfolio before you will consider it as large?"

AK71 said...

Hi Kelvin,

That is a very pertinent question. :)

If an investment is at least 10% of my total portfolio, I would consider it large.

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