AIMSAMPS

AIMSAMPS reits have consolidated for ages & is still showing no clear trends. A breakout at $0.235 would be positive. The group owns 26 industrial properties (25 in Spore & 1 in Japan). Just completed 7-for-20 rights issue to raise proceeds to acquire C&P Logisitcs Hub 2 for $161m. Pro forma DPU of 6.8% & P/NAV of 0.86x does not look too attractive compared to bigger industrial Reits such as Mapletree Logistics Trust