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.
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