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Saturday, October 19, 2019

Mapletree NAC Tr

It is now hovering at the support level of 1.24, looks like an interesting level to accumulate!

The price has been beaten down due to hk issue, I think the price has been overly sold down from 1.45 to 1.24 .
DPU of 7.7 cents ,yield is 6.2%.


Let's say the protest issue is affecting the rentAl rev of about 3.5% that is 7.7 cents less 3.5% , we are talking about 7.43 cents yearly dpu that is still giving us 5.99% at 1.24 which is still attractive as this is being managed by Mapletree.
NAV 1.435. P/B is 0.86.I think Gearing is below 35%.


They will be reporting their result on Friday 25th October 2019.
I am looking forward to hear further insights from the management!

Most probably, this quarter dpu may drop marginally .

Not a call to buy or sell.
Pls dyodd.





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