Strong Positions:
Frasers Comm +4.3%
Mapletree Log +2.7%
K Reit +2.1%
The reason for Global investment's strength is probably due to the tax-exempt "$20 per 1000 shares" dividend, ex date on 1st july, which is around 10% yield at current prices
Frasers Commercial received offers from several banks to refinance the $500mil + due this decemeber 2009 (repayment successfully delayed from july 2009 to december 2009) But debt level similarly piles up. For now, they are ok..
Weak Positions:
SaizenReit -3.8%
Cambridge -2.9%
CapitaMall -2.9%
AscendasReit - 2.6%
CitySpring -2.4%
SuntecReit -2.2%
CapitaMall and SuntecReit have risen sharply. Profit Taking will ensue. Their debt positions are healthy.
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