Ascendas is Singapore's first and largest listed business space & industrial REIT by market cap backed by Temasek Holdings.
Ascendas owns over 220 premium properties housing more than 1,500 multi national tenants across 20 different industries.
With its recent drop, the current dividend yield is 6.5%.
Analysts including DBS Research maintain a high conviction Buy with price target around SGD 3.05 to SGD 3.28. That is an upside potential of 27%.
When I look at these figures, I smell a bargain. By buying more, I lower my average cost basis, making it easier to swing back into the green on the first sign of recovery.
As Warren Buffett likes to say, " Be fearful when others are greedy & greedy when others are fearful."
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