25-12-2015, 06:59 AM
This counter has been a remarkably poor performer, and is selling at a significant discount to current NAV.
There have been some recent moves in REITs that hold mainly or wholly overseas property - Saizen REIT and now a possible nibble at Ascendas h-Trust.
However, the outlook for property in Singapore, whether residential, factory or commercial does not look good at the moment. So, how low does this counter have to go before someone puts it out of its misery?
(Divested a long time ago)
There have been some recent moves in REITs that hold mainly or wholly overseas property - Saizen REIT and now a possible nibble at Ascendas h-Trust.
However, the outlook for property in Singapore, whether residential, factory or commercial does not look good at the moment. So, how low does this counter have to go before someone puts it out of its misery?
(Divested a long time ago)