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Anonymous
The reason why i bought it is because i believe that healthcare sector won’t hit by economy as much since people will have to visit the hospitals if sick. I do aware of LP’s credit rating being downgraded to CCC+ and also the high concentration of the portfolio in Indo when I bought the share. But, i recently saw that OCBC downgraded a ‘sell’ for FIRST reit, and wonder if it’s a good time now since it finally went up for a little?
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Kenneth Lou
29 May 2019
Co-founder at Seedly
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Gabriel Tham
29 May 2019
Tag Team Member at Kenichi Tag Team
I can tell u that if u sell now and the price goes up even more tomorrow, u will kick yourself for not waiting 1 more day to sell.
Are u looking at this REIT as a long term holding or just a short term trade?
Has the fundamentals or financials changed from your initial analysis?
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I actually attended the recent FIRST REIT AGM last month in April 2019.
It was pretty eye opening, and in fact sold at $0.98.
I also bought with the same reasons as you, strong industry - healthcare and a growing affluent population in Indonesia who are seeking private treatment in hospitals.
However, I must caution that this is from my perspective, and you can also read more about Rusmin (Fifth Person) shared during our recent SeedlyTV EP05 here: (https://seedly.sg/questions/what-s-are-the-like...)
Some key reasons I decided to SELL:
Some thoughts, you decide! I've cut loss and doubled down on my winners instead.