Buy and hold MLT Good entry price as MLT is consolidating above the range it has broken out of above $2.4
TP to watch is at $2.7
ME8U trade ideas
ME8U Mapletree Industrial Trust - long term downtrend persistClose to 4 years' long downtrend likely to persist until significant rate cuts, however it is likely to bounce up short term due to it being oversold.
Short term trend - Downwards, but likely to bounce up soon
Long term trend - Downwards
Mapletree Industrial Trust, ME8USGX:ME8U
Basically, ME8U is trending in an uptrend and made a new breakout from weekly chart. Besides, the price action is well supported with big volume.
Here are some ideas or thoughts of this stock :
a) Clearly, Fed has mentioned that there is no increase in the interest rate and would cut it three times in 2024. However, please do pay attention to the inflation rate.
b) It's purely a data center investment in the US and Singapore.
c) Institutional fund flow is increased three times more than usual. In the entire 2023, you have not seen this much of inflow in this stock.
However, retail funds are not seen much and I guess everyone is holding tightly to their REIT investments since last year. All the very best, guys!
MapleTree Industrial Trust REITS - longWeekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside.
MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres.
The total addressable market size of data centre in Singapore alone, in terms of spending opportunity, is expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025. Thus there is more potential for growth for MIT. I believe this is a long term hold, and dividend yield is 4.46%, which is not bad at all.
Gross revenue has been consistently increasing for past 5 years (average 7.07% for year 2017 to 2021).
Assets has also been on an uptrend since 2017. Total valuation of the 115 properties held by MIT is S$6,762m, and 41% of those at data centre.
Occupancy has also increased from 90.9% to 92.6% overall from 2020 to 2021.
Tenancy are also diversified across different trade sectors such as manufacturing, retail trade, financial and information & communications.
Long term PT is 3, then 3.3.
I think a great area for buying would be 2.4 range.
However, it is in a weekly descending wedge. If it does breakout strongly, I will look to buy in on retest of breakout area.
This REIT looks way to expensive.Even this stock gives a good dividend yield right now, it looks like it is overvalued for the past.
Bookvalue grow way slower than the stock price ... looks like a corona hype development, which may tend to a crash.
I stay away from it right now and make no deeper investigation right now here.
Mapletree Ind TR (Covid will hit this industry HARD)Updated View on Mapletree Ind TR (23 Oct2020)
We are seeing some failed bullish attempts last week, it can be a nice sign to say, that the bulls are exhausted.
So, we expected some sort of pull back. It could go to $2.9-$3 region first.
No hurry to buy in at the moment.
DYODD, all the best and read the disclaimer too.
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Thank You!
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Mapletree Ind Trust ME8U watch $3.19The uptrend of ME8U is impressive since 2011.
Price is expected to trade between $3.04 and $3.34 in the ST
A break upside of $3.34 will resume its uptrend.
Pivot : $3.19
A break of $3.19 will lead to ST weakness to to test $3.04
A break of $3.04 will see a MT correction to $2.17
MIT - Dont fight the trend!More Data Centers = More Resistance during COVID
including recent entry by institutional investors / funds such as BLACKROCK
Base on Fib Retrenchment once we pass the 0.61 Fib more upside on the way.
SGX Mapletree Ind Trust NeutralStock on a overall down trend but now moving sideways. Earnings to be announced on 27 Apr and earnings expected to be lower than expected. Actual move depends on actual result announced. If results better than expected, price potentially going upward towards resistance line @ 2.50. If earnings even lower than expected low, then potential to go support line @ 2.38.
Mapletree Industrial Trust - Right Angle Wedge formationOdds are good that the breakup will be on the horizontal side of the wedge (at 2.49). I am looking to accumulate within this narrow end of the wedge (between 2.35 - 2.45). With a stop just below at 2.34 and if it does break up, I will be looking to take some initial profits at 2.59 (61% fib retracement of the recent plunge) and with trailing stop to hopefully take the rest of the profits around 2.77 (Gap Close there). Hope for the best!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
