CDL: DBSV removes counter from its model portfolio.
- The stock returned 6% since its inclusion, outperforming STI’s 0.8% decline, since its inclusion on 26 May.
- CDL has a high 35% GBP exposure.
- Stock has been held up leading to and following its inclusion into the FTSE EPRA/NAREIT Global Real Estate Index.
- DBSV thinks the stock is susceptible to profit taking post index inclusion and ahead of 23 June BREXIT referendum.
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