Saturday, September 1, 2012

Far East H Trust: 1st week of trading

Far East H trust was listed on the 27th Aug. It has been on the rising trend so far and closed at 0.985 on the 31st Aug. There was a slight drop on Friday but it was on a relatively low volume.

At its IPO price of 0.93, the prospectus promised a yield of 6%. This works out to be $55.80 per lot in distributions. At its last done price, $55.80 of distribution is at a yield of 5.66%. Comparing to CDL H Trust (yield: 5.645%) and Ascendas H trust (yield:7.654%).

I think the price of Far east H trust will stay around $0.97 to $1.00 for a while. Meanwhile, I will keep mine for yield. Will do another update on this a month from now.

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