ART (Share Price: S$0.71)
ART saw another share price collapse over the last 2 days. We spoke to
management. Management said they are also searching for reasons behind
today's sell-down. They are not aware of any negative developments
triggering this sell-down besides fund redemption amid current weak stock
market sentiments. The stock is now trading at prospective FY09-10
dividend yields of 13-15%!
(See attached file: ascottresidencetrust080724jz.pdf)
Kind regards
Nancy Wei
UOB Kay Hian Research
DID: (65) 6539-8480
Email: [email protected]
ART saw another share price collapse over the last 2 days. We spoke to
management. Management said they are also searching for reasons behind
today's sell-down. They are not aware of any negative developments
triggering this sell-down besides fund redemption amid current weak stock
market sentiments. The stock is now trading at prospective FY09-10
dividend yields of 13-15%!
(See attached file: ascottresidencetrust080724jz.pdf)
Kind regards
Nancy Wei
UOB Kay Hian Research
DID: (65) 6539-8480
Email: [email protected]