BUSINESS:
One of the largest REIT counter in SGX with assets under management ~$8.2 billion. Its portfolio covers offices in main cities of Singapore and Australia.
OVERVIEW:
Looking ahead, Marina Bay Financial Centre which was completed in 4Q2014 shall contribute to earning on 2015. Besides, tenant based has been diversified into technology, media and telecommunication fields. These are positive catalysts towards the next quarter financial results.
REASON TO BUY:
The dividend counter issued ~$0.019/share per quarter last year. Based on current price, it can expect ~1.5% dividend for next quarter. From the chart, MACD is moving above center line but coming to correction soon. It might present a good opportunity to take position for subsequent rising trend.
ENTRY PRICE:
Accumulate < $1.23
TARGET:
To reap from potential price gain and dividend
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