Today I bought 5,000 share of First REITs @ $0.765 per share. (as per recent OCBC research report the target price is $0.84).
I set my exit point @ $0.65 (about 15% lost) and I am intent to hold this counter for long term in view of it's attractive distribution yield (about 8.4% per annum) and the good quality of assets.
I will do a detail analysis on this REITs after Friday, 21 January 2011, which is the date announced by the group to release of full year 2010 financial results.
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