Thursday, April 23, 2009

Investor should consider AscottREIT


Ascott REIT($0.47) - It has been hit badly in this econ0my crisis. Market is also focasting a dip fall in its distributable income from its service apartment business. Hence, we have reason to believe the negatives have been priced in. Trading at 69% discount to its NAV at $1.51, we believe it is a medium term buy with target at $1.00.

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