Nov 16 2023, 04:08 PM
QUOTE(Hansel @ Nov 16 2023, 03:15 PM)
Hi bro,...
The problem with FEHT is : there is not much capital gain to be made on this REIT. If I look at the 5-year chart, the highest it could climb is only $0.78. And that level was reached just before the pandemic dive in March, 2020. Some structural changes would have taken place after the pandemic, and it is not certain if this structural chg will bring abt further positive OR negatives effects to FEHT.
I'm looking at the dividend yield in my own definition of 'undervalued'. The problem with FEHT is : there is not much capital gain to be made on this REIT. If I look at the 5-year chart, the highest it could climb is only $0.78. And that level was reached just before the pandemic dive in March, 2020. Some structural changes would have taken place after the pandemic, and it is not certain if this structural chg will bring abt further positive OR negatives effects to FEHT.
At the current and projection view, it deserve a higher valuation la, at least in my opinion.
I would be happy to sell it off at 0.78 and swap with Ascendas, if it ever reach that price again
On the structural part I don't know
Maybe someone can explain to meBut I know Singapore Residential/Hospitality is expensive and not going to drop drastically
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