Chart wise, bearish mode!
Need a good rebound to take it back above 1.50 level in order to reverse this downtrend!
NAV 2.05. Yield is about 6%.
Gearing is slightly above 41% of which I think is the current industry norm that allows up to a max of 50.
They have grade A commercial properties and retails mall. Exhibition centre and freehold properties in Australia. The management has been doing their part of acquiring new assets during market weakness which is a good move plus yield accretive.
I think price has come back to quite an interesting level.
Not a call to buy or sell.
Pls dyodd.
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