At current price level ($1.430), First Reit has the highest Price/Nav ratio at 1.45 among all other Singapore Reits. Plus their price now is near to all time high. So is it time to say good-bye to this counter?
First Reit Background
This counter has been very good to me. In fact it is my best performing dividend counter thus far. I bought it for $0.73 in 2011 and bought more at at $1.088 in 2013. Just capital gain alone is 55% not including the dividend collected. So naturally, I will ask myself if I should take some profit now and invest somewhere else. Well, to answer that question, I attended their recently concluded AGM and I got the answer I wanted. This time no drama at the reception as I double checked to make sure I have all the paper work ready. Click here to ......