Wah, nice sets of 3rd quarter results update whereby she has reported gross revenue of 1.4 billion yuan (S$272.3 million) for the first nine months ended Sep 30, 2022, rising 7 per cent from 9M 2021 gross revenue of 1.3 billion yuan on the back of positive rental reversions.
Net property income (NPI) came in at 970.8 million yuan (S$188.8 million) for 9M 2022, up 7.5 per cent from 903.4 million in 9M 2021.
Estimating dpu of 4.4-4.5 cents for full year results in Jan/Feb 2023.
Nav 1.54. Yield more than 9% is extremely oversold and a gd pivot point to consider!
Chart wise, likely to move up to test 1.00.
A nice breakout plus good volume that may likely drive the price higher to 1.05 then 1.10.
Pls dyodd.
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