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STI soaked in red and AK71's thoughts.

Wednesday, February 23, 2011

I slept a full 8 hours last night! I also took a 2 hours nap in the afternoon today! Now, I am feeling drowsy from a very good dinner, a good facial treatment and a good massage. Yawn...

OK, a quick one:

1. CapitaMalls Asia: $1.83 support is gone. I remember saying that if this support goes, the next major support is probably at $1.70. $1.83 could be support turned resistance. Would I sell my loss making investment in the company? Nope. Why? Because I think the selling could be overdone. Look at the weekly chart and you would see a positive divergence between price and the MFI and RSI.

2. AIMS AMP Capital Industrial REIT: My buy order at 20.5c was filled this morning. I am now in the queue at 20c to buy more if the weakness continues. At 20c, the yield would be 10% per annum.

3. Cache Logistics Trust: Putting in a buy order at 92.5c. Nice chance of getting it filled. This is the lowest geared industrial property trust in Singapore right now, if I remember correctly.

4. First REIT: In an earlier blog post, I said there is probably a better time to increase exposure to this REIT and that price could retreat to 72c. It has done just that today. I am tempted to add to my long position at this price for a 9% yield per annum. However, I would not throw in the kitchen sink. Watch 72c which is supported by the 100dMA. If it goes, the 200dMA is at 69c and that is some way to fall.

5. Saizen REIT: 15.5c is where we find the rising 100wMA.  This is a very long term MA and likely to be a very strong support. For anyone waiting to enter or increase exposure to this REIT, this would be a fairly safe entry price.

6. Golden Agriculture: Breaking support provided by the 200dMA at 63.5c is very bearish. It needs confirmation to see if the 200dMA is now support turned resistance. The momentum oscillators are negative and we could see the 100wMA tested as support if this keeps up. Currently, it is at 54c.

I am having a hard time keeping my eyes from closing. So, that's all for tonight. Good night and good luck. :)

4 comments:

Anonymous said...

First REIT sold its Adam Road cancer centre to Fortis for $33 million. Pretty good gains ! Gearing drop to 14%

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E904581F91135ED54825784000525F02/%24file/Announcement_Sale_of_Adam_Road_Investment_Property.pdf?openelement

Nick

AK71 said...

Hi Nick,

Thank you so much for the update. Keep it coming. Appreciate it.

It's time for breakfast and some sun for me! ;)

WK said...

You think its time to buy somemore with all those uncertainties in the mid east. But i do recall, in times of emergency is the good time to buy more... we do not see wars everyday...

Cache looks like a good bargain...

AK71 said...

Hi WK,

Yes, I think it could be an opportunity to buy some undervalued stocks. :)

Personally, I have a buy order for Cache at 92.5c. It touched this price recently but my order was not filled. :(

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