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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