atans1

Time for ST to stop promoting Reits

In Financial competency, Property, Reits on 03/06/2013 at 5:53 pm

Opps ST nearly did it again. On Saturday, an ST headline screamed: “Buying opportunity after Reits rout”. http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid={498059457-17610-6138972043}. Market overall was off 24.6 points (0.74%), while the reits’ index was off a marginal 1.1 point.

Could have been worse. The last time ST promoted reits, ““It was no different in Singapore, where the benchmark Straits Times Index sank 61.2 points or 1.8 per cent to 3,393.17, its worst one-day plunge in percentage terms since its 2.2 per cent reverse on May 7 last year” (“Markets tumble amid US, China fears”: ST headline. Didn’t have the balls to tell us, reits here were off about 5%”https://atans1.wordpress.com/2013/05/28/bad-timing-st-article-on-reits/

On a more serious note, ST shld not be promoting reits. True the yields are better than most plays, but reits are leveraged plays. Now is not the time to be bullish on reits.: https://atans1.wordpress.com/2013/05/21/s-reits-why-stay-away/

I’m still long but I got in in 2008 and 2010. I’ve been riding the run and collecting the payouts to pay for my expenses.

 

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  1. When media starts blowing big trumpet, big bubble has already there!

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