MapleTree Ind trust

After hitting all time high of 2.39, it didn't manged to clear this level and succumb to selling down pressure.

I think is good to correct and then gather strength again to make the next attempt to re-conquer 2.39 again.

It is taking a breather now, and those that cannot tahan to wait i think may have already planted their seeds.

My point of view is that , I may queue to nibble a small position at 2.30 level for 5 lots or 5,000 share . If it fallen lower to 2.25, may jeep another 5 lots again and perhaps another 5 lots at 2.20 and 2.15.

My average price can be calculated as per below example:

1. first 5,000 share at 2.30  = $11500.
2. next 5000 share at 2.25 = $11250
3. next 5000 share at 2.20 = $11000
4. next 5000 share at 2.15 = $ 10750


Total capital $44,500 / 20000 share = $ 2.225

DPU of $124 , yield of 5.57% which is still much higher than bank interest of 0.05%.


Of course, price may fluctuate up and down.

Overtime, dividend collected it may lower our average price.
The power of dividend income.

not a call to buy or sell.

Pls dyodd.