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PRIME and Keppel US REIT: No Adverse Announcement, Current Selldown is Technical
By Investmoolah  •  October 31, 2023
Just my fact finding. Currently there are no known reported news of new big tenants vacating either Prime or Keppel Pacific Oak REIT properties. The selldown is likely a recalibration of the equity risk premieum investors are demanding for such REITs. Worth noting UtdHampshire US REIT faced a similar selldown where share prices moved down 10%. All in all, the past week's selldown is a technical movement with no bearing on fundamentals. The news of "higher interest for longer" has been known for a while in the market, hence there should be no reson the repricing has only happened as of now. Nevertheless, those who traded on REITs and especially on US REITs, by betting short, is unlikely to profit and will be making losses given this is a technical price movement with no fundamentals....
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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