thanks, Wantono, I agree with you completely. They are playing...

thanks, Wantono,

I agree with you completely. They are playing smart by disposing some more volatile assets while economic economic environment is not so bad.

This will allow them to (as I mentioned in my earlier posts):

(1). minimise asset value writedown;
(2). preserve/accumulate precious cash so that they can pick up some good low-volatility assets in a deteriorated environment at much lower price;
(3). provide more comfort to their lenders thereby facilitating refinancing and lowering interest costs.

That's part of the reason why I have a lot of confidence in VPG than some others.

Others include:
1. On-market share purchase by quite a few directors;
2. Orbis most probably having it in its equity portfolio;
3. The unprecedented investment opportunity offered by the oversold REIT sector which has been traditionally viewed as a stable investment despite its cyclical nature;
4. more flexibility and likelihood in paying dividends than some other REITs;
5. virtually no exposure to the US.
6. experienced management

Its sp remained relatively stable with weighted average sp of 8.61c today still despite the dragging on by CER/CNP as ST traders sell off.