Corporate News - Allco REIT, GEMSTV
Posted On Friday, February 1, 2008 at at 9:50 AM by Finance Analysis
The heavy correction has punished a lot of stocks, but one of those most heavily punished is Allco REIT. It has fallen more than 50% from $1.40 in May 06 to $0.67 currently. As such, I am placing Allco REIT on the stock alert with a buy at $0.67 at 50% below NAV.
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Source: Extraordinary Profits
Another stock we saw was GEMSTV. We expect to see it rally and some brokers give a high target price for it. We might see it break $0.415.
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Source: Steady Bull
Market News
Posted On Monday, January 14, 2008 at at 12:18 PM by Finance AnalysisCommercial REITs
I got interested in Commercial REITs after reading in The Edge and learnt that Allco Commercial REIT was selling at a discount. If we agree with the concept of buying at discount, then AllcoComReit would have been a bargain! Wanting to find out more, I began what was to become a study into the financials of the various Commercial REITs listed in SGX.
Commercial REITs or Office REITs are essentially business vehicles deriving income from operation of office spaces. In my opinion, REITs are useful for being able to deliver stable income returns to investors, with potential to deliver on valuations upside, and commercial REITs are no exception.
My search reveal that there are altogether five Commercial/Commercial-retail REITs listed locally.
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Source: Million Dollars Dream
