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Monday, August 20, 2018

StarHill Reit

4th quarter dpu of 1.09 cents is more or less the same as per 3rd quarter dpu.
A flat quarter result.

It seems that the price has hit the bottom and yield is looking attractive + a great discount against it NAV of 91 cents.

Estimated DPU of 4.5 cents.
Yield is about 6.5% base on the closing price today at 69 cents.

For this retail and office Reit, noting that its committed Singapore office occupancy has moved from a low of 83.5 per cent in its fiscal first quarter ended Sept 30, 2017, to 95 per cent as at June 30, 2018.

Occupancy was buoyed after The Great Room, a co-working operator, commenced its operations in June at Ngee Ann City by taking up 15,000 square feet of space.


Buying interest has been rising for the past 3 days as can be seen from the chart the slightly increased in volume + price gained 2 cents from 67 to 69 cents.

Looks like it may move up to retest 70.5 cents .
Crossing over with ease + good volume that may drive the price higher towards 72.5 cents.

Not a call to buy or sell.

Please do you own due diligence.

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