D1R Google finance Summary
Current price: 1.16
Expected Dividend yield: 4.3%
Trading plan: Buy and hold long term @ below 1.10
Background
ARA Asset Management Limited (“ARA”) is a premier integrated real estate fund manager in Asia. It manages familiar names like Suntec Reit.
Why I buy?
- Gives exposure to reits
- Stable and sustainable dividends at $0.05/year
- $1.00 is psychological support level. Plus that is also the price of the latest rights issue
- Last FY results was a bit of a confidence booster amidst the equities selloff in Dec-Jan.
Disclosure: Already vested below 1.10, am looking to increase holdings should it fall below 1.10 again. So, if you are new to this counter and current price feels good to you, feel free to go ahead and buy. There is much potential for upside for price. DBS set a TP of 1.5X early this year.
That's my investment idea this time round, DYODD.
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