This is one of the stocks which makes me very undecided.
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From a fundamental perspective, i don't really like buying it based on my analysis but i am not sure if it due to my biased views on the industry and still am wary of the huge float.
DMG has a research report with a subscribe recommendation. The link is here.
Currently the market is yield starved and when many hungry investors see a headline figure floating in front of you between 7.5% - 8.5%, they just don't care anymore.
In any case, i think my IPO ratings maybe too "extreme", perhaps i should have given it a 1 chilli rating as it should appeal to those who like the yield and the sector.
My latest update from DBS was that they were cut back severely on their placement tranche as many MIIF investors opted for shares ...
