Mapletree Industrial Trust, ME8U

ME8U

Basically, ME8U is trending in an uptrend and made a new breakout from weekly chart. Besides, the price action is well supported with big volume.

Here are some ideas or thoughts of this stock :

a) Clearly, Fed has mentioned that there is no increase in the interest rate and would cut it three times in 2024. However, please do pay attention to the inflation rate.
b) It's purely a data center investment in the US and Singapore.
c) Institutional fund flow is increased three times more than usual. In the entire 2023, you have not seen this much of inflow in this stock.
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However, retail funds are not seen much and I guess everyone is holding tightly to their REIT investments since last year. All the very best, guys!
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Giao dịch đang hoạt động:

I am still holding this position, looking forward to the FED announcement.