I dropped a buy order last night and thought that it would be fulfilled this morning but a sudden surge in its price ended the buy order with only partially-fulfilled. Meaning, I can't get all the lots that I wanted but some.
It's my first purchase with Sabana REIT, by the way.
From the graph chart, Sabana has been bullish for the past few days. It has broken the $0.895 resistance (I didn't draw on the graph) today and went up to $0.90, which is a strong resistance where the 200MA is located. Breaking the 200MA means the price could test another strong resistance at $0.910, which is the highest high since the US debt ceiling crisis in Aug last year.
In my previous post, I wrote that I would channel divested funds from Starhill Global to AIMSAMPI to enjoy the maximum dividend yield in the REIT market. But AIMSAMPI's price seems to be creeping up fast and is now becoming a little expensive. Furthermore, due to the construction of new warehouses, expect its dividends to slightly dip for 2012 before the increase in 1Q2013 when the warehouses are completed. Unlike AIMSAMPI, Sabana has completed its acquisitions of existing buildings and I would expect its dividends to increase for this year.
In other words, moving my funds to Sabana is a defensive move as I can rely on its expected increase in dividends to offset AIMSAMPI's expected decrease this year.
To further diversify the risk, I am planning to have Sabana's total shares held to be equal to AIMSAMPI's. In addition, First REIT is also in my radar, as its relatively low gearing and defensive healthcare nature make it an attractive buy.
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