Fundamental analysis @ RM 1.120 on 08.10.2018
YoY Revenue & Profit in uptrend
Dividend Yield (DY %): 7.49% on 08.10.2018
Comparison between MQREIT DY between MGS records in Dec 2017, there is 278 bps higher than 10 years MGS.
Comparison between MQREIT DY between Maybank fixed Deposit (MBB FD - 3.35%) on 10.07.2018, MQREIT is 414 bps higher than MBB FD
Technical Analysis @ 08.10.2018
Bank Negara Malaysia (BNM) increased OPR by 0.25% on 25.01.2018.
REITS counters entered correlation due to OPR hike in Jan'18 due to increase in OPR leads REITS counters less attractive compare to MGS and/or FD DY.
However, MQREIT recovered the loss and it successful trade above MA 150 days on 08.08.2018.
MACD - Marginal Bearish
RSI - Neutral
Support Point RM 1.10
Resistance Point 1.15
Disclaimer: Own holding share