Mapletree Industrial Trust ("MIT") recent market price has declined rapidly amidst the higher financing cost environment and Middle East troubles. Today, I will touch on whether the current crisis presents a good entry point for MIT and my recent additional investment this week.
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Hi there,
ReplyDeleteI got a shock when I saw the title of your blog/video, as I didn't know that MIT has released any reports before 25th April. I am shocked because of the word "valuation", lol. After watching your video, then I realize you meant the price. Phew, sense of relieve now, as price fluctuations at times like this are normal, though it hurts to see it dropping like no tomorrow (same for MLT, MPACT and many others), but I suppose that's how REITs are going to perform for now. No turning around until the real interest rate cut happens. As long as the real valuation of the properties within the REITs' portfolio remains stable, and performances remains solid, I suppose I am happy to hang on to them (and cry a bit bit). Life goes on. No money to buy to dip, lol.
Thanks for sharing!
Hi BFire, thanks for dropping by. How have you been man? Haha, sorry to give you an unexpected shock….yup…..referring to market valuation. Too much uncertainty these days with potential widening war with oil producing countries such as Iran being dragged in…..may lead to spike in oil prices (supply down) and devastating consequences on all sectors of the economies. So after COVID, we have high inflation and high interest rate. Now after stabilization of interest rate environment we have escalating war tension. I really don’t know what to say. :)
DeleteOh this one. I set an alarm for when it hits 2.10. I brought ascendas at 2.56 as my alarm for it was 2.55. I hope the boat comes back when my war chest is back up.
ReplyDeleteHi YX, how did you set this auto-alarm….in your trading App? With the wave of bad news after bad news for REITs, next few weeks may indeed set another low and boat returning back again….haha.
DeleteI use moo moo app.i dont use it to trade for listings on SGX as it is a custofian account (i prefer direct ownership), only for the alert functions.
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