Bought GuocoLand at 2.28

Reasons :

• Deluge of good news on Singapore properties. My view is that the next 2 years will be good years for Singapore property investors.
• Maybank Kim Eng’s research call sounds logical.
  •  https://www.theedgesingapore.com/why-guocoland-could-be-well-its-way-establishing-reit-platform?
  • Their track record is reasonable. https://app.box.com/s/smth1aykwtffi9f56qpokno8f3janyfq
• The chart looks good. Pausing in an uptrend. MCD still strong despite the pause.

Main risk is that there is a sharp drop in property prices.

Note that the stock is in CD now. XD on 26 Oct.

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