Mapletree Industrial Trust results beats forecasts!

Mapletree Industrial Trust achieves DPU of 1.93 cents for 4Q

Tags: Mapletree Industrial Trust

WRITTEN BY THE EDGE

TUESDAY, 26 APRIL 2011 22:20 Mapletree Industrial Trust (MIT) says it has achieved a DPU of 1.93 cents for 4Q FY2010, exceeding forecast by 9.7%. For the period from listing sate of 21 October 2010 to end of Financial Year 2010 of 31 March 2011, total DPU was 3.45 cents, or 11.3% higher than forecast. NAV per unit improved to $0.95 from $0.86 due mainly to gains from revaluation of MIT’s investment properties. Distributable income was $28.3 million, net property income was $37.2 million while gross revenue was $53.4 million. MIT says it will continue to optimise renewal rental rates. The retention rate of existing tenants was 85.9% for 4Q FY2010, an increase from the retention rate of 80.6% achieved in the previous quarter. The average rental rate for leases renewed during the quarter was 15.5% higher than the average rental rate before renewal.

The above article is quoted from The Edge website as listed below.

Mapletree Industrial Trust achieves DPU of 1.93 cents for 4Q
Tuesday, 26 April 2011

© 2011 - The Edge Singapore

Cut loss or hold? + Updates

Haven't updated in a while...

Having be in shares for almost half a year, I think the most difficult decision to make as a young and new trader/investor is whether or not to cut losses on an under-performing stock. Personally, after attending a few more talks on technical analysis and discussion with my friends, I realized that my buying of SATS @ 2.87 was of a very bad timing and price. However, I was not receptive to the decision of cutting my losses till I see it slide all the way down to about 2.55 now. Thinking back, should I cut my loss? Some reasons I chose not to was that the company pays out regular dividends making it quite a stable company in my opinion and that I have the ability to hold on to the share for a longer term. In addition, the recent earthquake in Japan came at a poor time as SATS have just taken over TFK, a Japanese airline caterer. This is where I felt kind of confused. Would the money be put to better use than leaving it stuck at a paper loss?

Because of this I went to read up and had a discussion with a few friends. I believe the question can be answered based on one's chosen time period for trading, whether it is short, mid or long-term. Now, I categorize the shares in my portfolio based on whether it is a short, mid or long-term trade. SATS, being a share which gives out a stable yield, is, in my opinion, a mid-term share. Thus I decided to hold onto my current lots. Hopefully some of you who read my blog can give me some opinions? :)

Updates:
I loaded a few lots of Indofood Agri @ 2.19 just last week and I must say I'm still not experienced enough to decide on a good enter price. After entering at that price, the price bottomed out to 2.12 before rallying on thursday to close at 2.19 after a high of 2.21. Seasoned traders would have took and made a huge profit before good friday! Oh well, after every trade, I only become more experienced!