Ideas
SGX:N2IU showed bearishness as the price broke the convergence triangle. The immediate support is at $1.80. The price is trading below the the 50-day moving average as well. Fundamental wise, the REIT continues to deliver strong results with resilient portfolio. The REIT is currently trading at 4.4% dividend yield.
Profile
Mapletree Commercial Trust operates as a real estate investment trust, which engages in investing on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used for office and retail purposes. It operates through the following segments: VivoCity, MBC, mTower, Mapletree Anson, and MLHF.
