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Yield Watch:Suntec, Ascendas and M1 at oversold levels

We got 3 stocks today that looks pretty over sold

Ascendas REIT

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It has been hovering at this level for some time. One of the biggest REIT around and certainly a good forward yield at 6.9%. It does look like it has a tendancy  of turning down.

Suntec REIT

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The office REIT sector have been hard hit by a slew of office spaces fighting for occupancy. Is 1.36 a good level? Do note that forward yields are lower than the past.

M1 Limited

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Or thats what we will be calling it in the future as part of the AGM resolution is to change the name to such. I really hope they did a feng shui analysis on this. Although the breadth indicators look good, i am skeptical that i am suppose to pay a historical safe 6.4% yield at this price.

We really hope that there is a earnings revision upwards, else the yield does not present a good risk vs reward.

I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. Do follow my Dividend Stock Tracker which is updated nightly  here.

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