In my previous post, Top 10 reasons I invest in Capital Malls Malaysia Trust, I was bullish on the REIT price range breaking resistance at RM 1.35. Fast forward 2 months, lets look at the its closing price again today. See the price chart below.
So far, the technical analysis is proven right. It has been in an up trend since then. The capital appreciation alone so far is able to match its annual dividend yield if you are invested in since November 2011. Invested in at its RM 0.985 IPO price since July 2010? 50 percent capital gain already, my friend.
As my good old Maths teacher, Maurice Chong, in secondary school said, “Slow and steady you catch the monkey”.
