Saizen REIT: Something is brewing?

While chatting in Bully the Bear's cbox, I shared my observation that a certain substantial shareholder seems to be tightening their grip on Saizen REIT.  In fact, they were just accorded two non-executive directorships on the board.  Saizen REIT also gained a CO-CEO, Mr. Koh.  Our dear Mr. Chang is now a CO-CEO too.  Power sharing.  Interesting.  What could be afoot?

Technically, Saizen REIT seems to have turned somewhat bullish although it is early days yet.  The MACD has turned up as the histogram turned green. The MFI is still in oversold territory but it is turning up, possibly forming a double bottom.  The OBV has turned up sharply, suggesting a return of accumulation activities.

Related post:
Saizen REIT: More insider moves.