Ascendas Reit

TA wise, looks like it is having a bearish retracement after hitting the high of 2.96.
Last Friday, it has gap down and close lower at 2.87 coupled with quite a high volume, this is rather bearish!

Looks like we may be experiencing a reversal trend.


Waiting for Mr.Market to tells us the direction.
A breaking down of 2.87 with high volume, that may likely see the share price sliding down further towards 2.80 then 2.75 with extension to 2.70 level.

DPU of 15.8 cents.
yield of 5.5%
NAV of 2.09.

Seems expensive at the current price level of 2.87.

Not a call to buy or sell.

Pls dyodd.



Ascendas Reit is Singapore’s first and largest listed business space and industrial real estate investment trust. As at 31 December 2018, investment properties under management stood at S$11.1 billion, comprising 98 properties in Singapore, 35 properties in Australia and 38 properties in the United Kingdom. The portfolio includes business and science park/suburban office properties, high-specifications industrial properties, light industrial properties, logistics and distribution centres, integrated development, amenities and retail properties. These properties house a tenant base of around 1,350 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications, manufacturing services and back-room office support in service industries. Major tenants include Singtel, DSO National Laboratories, Citibank, DBS, Wesfarmers, Ceva Logistics, JPMorgan and A*STAR Research Entities, to name a few. Ascendas Reit is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. Ascendas Reit has an issuer rating of “A3” by Moody’s Investors Service. Ascendas Reit is managed by Ascendas Funds Management (S) Limited, a wholly-owned subsidiary of the Singapore-based Ascendas-Singbridge Group.