Ascends REIT

Ascends REIT Business summary
103 properties in Singapore  ,27 propeties in Australia, exited china, diversified customer base
Business space and industrial focus, market leader,
Liquid reit
Business and science park, idar properties, light industrial properties, logistics and distributor centre,  data centre and high specifications industrial properties 

Pay out 100% of taxable income for distribution 

Very clear cut explanation of strategy and flow of money 

Lower Indebtness and leverage ratio base on REIT Data

Good Earnings and cash flow.

Moody a3 credit rating

Company Outlook
Knowing Singapore, I can predict that asset property will increase in the long run. Ascendas will be buying property while prices are still low. It is buying science park and Business property and I am confident that Singapore economy will improve, after the severe downturn. Ascendas and REITs in general has strong pricing power as they are market leader, and rentals are largely resistant to downward spirals. 

Based on http://reitdata.com/, at that point of time, Ascendas has the lowest gearing ratio and lowest indebtness, and good cash flow compared to its competitors. To be frank, the main selling point I liked about Ascendas is that it had exited china and sold its property there, so it is sitting on a pile of cash unnoticed by analysts. It is severely undervalued and cash flow is what I value tremendously.

I also have a negative outlook on China. Although it has good fundamentals, a lot of events in China or opaque, there is significant current manipulation (main consensus uses HSBC data instead of China statistics) and they are propping up china's industrial demand artifically as China's economic policy is about national pride rather than transparent infomation.

Macro Economic Outlook
Based on economic data on trading economics, regular newspapers readings (finally caught up with the doom and gloom), I believe we have hit the bottom of the recession and things are picking up. Inevitably, there will be a short boom at Dec to January due to Christmas purchases and CNY celebrations. Our trading partners economic data is picking up and I think prospect

Buy Sell Decision based on Events trading
http://reitdata.com/
http://www.tradingeconomics.com/singapore/indicators

I bought the share across the weekend prior to Federal Reserve Announcement of Interest rate hikes. I am betting that interest rates will occur for Federal Reserve. I am betting that investors will overreact as Janet Yellen has been hinting and postponing the hike until US economic conditions has picked up. They will sell their REIT holdings (Known for the indebtedness) and chase the money in Oil stocks as well as banking stocks. While people are chasing the rainbow, I will pick up the REIT at an undervalued price and make gains on capital and dividend yield.

I bought it based on it price close to its resistance level, as well as analysts all prompting a buy decision on this stock. I am not a technical trader and hope that they are right. I bought Ascendas at 2.25.



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