AXIS REIT, 5106 AXREIT
Yep. A really long shot. Price did not retrace with new issue listing. Be a good chum and retrace a bit. Even RM2.00 will be swell.
Waiting for a blue moon seems a lot easier and certain. Today is Sept 17. Budget 2011 will be announced on Oct 15. Only 3 weeks entry window left, betting on the WHT to be reduced or abolished. That will be a catalyst for upward price target re-rating.
If the proposal for more speedy and more frequent fund size increase is allowed, given AXREIT track record of yield accretive acquisitions, I would think RM 2 Billion mark would be achieved sooner rather than latter. DPS would easily surpass 20 sen mark.
Down risk? Nothing serious :)
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