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Monday, December 2, 2019

Ascendas Reit

It has managed to bounce off from the low of 2.85 and rises higher to touch 3.00 this morning, looks pretty bullish!

The Rights offer was being over subscribed 1.3x and will be started trading on 6 Dec 2019.


Applicants will be able to know their allocation by Thursday evening. Can check their bank statement to verify the amount being refunded or none.


Short term wise, I think it may likely breakout 3.00 and rises higher to test 3.05 then 3.12 - 3.15.

Not a call to buy or sell.

Pls dyodd.



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