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Added: FIRST REIT (Dec 2018)
By CompoundingDividendxDividend  •  December 20, 2018
Bought 4,000 shares of FIRST REIT on 19 Dec at $1. Total numbers of FIRST REIT shares owned increased to 15,000 shares. Reasons for buying: 1) FIRST REIT had released an "Analyst Briefing Slides" dated 12 Dec to manage "expectation" instead of based on "rumour" (Link). Key slides to focus: Slide 22 - 29 2) 8.6% dividend yields 3) First REIT is oversold 4) P/B at 0.91 5) I actually quite like the idea of OUE becoming one of the Sponsors. This will allow First Reit to have the Right of First Refusal (ROFR) in buying asset outside of Lippo Karawaci radar (Putting aside the buying price if it is beneficial to shareholders). Thus, the very first purchase will be in the spotlight. 6) As per the report in Business Times dated 21 Nov, "She noted in a previous report that Lippo Karawaci has been paying up more slowly than usual but has so far not defaulted ...
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By CompoundingDividendxDividend
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