Friday, October 28, 2005

Prime @ 0.98

Well, look like Prime will be the first REIT counter that hit it IPO price since listing. I wonder whether it will close 0.98 today. Recently, there is a gentle weakness in all REIT counters listed in SGX. This maybe due to the interest rate increasing especially the T-Bill offer by MAS has been staying around 2.2%, thus the margain behind REIT is around 2.5% depending on which REIT counters you are buying. Let hope Prime REIT can maintain at 0.98 today or recover, or else Prime will be the first REIT counter to close before IPO price. Furthermore, it has the most "PRIME" location of Singapore.

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