Sponsored Links

Medisave voluntary contribution in 2018.

I updated a blog on the CPF-MA yesterday: "For those under 65, the Basic Healthcare Sum next year will be S$54,500, up from S$52,000 ...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

AIMS AMP Capital Industrial REIT: More upside?

Friday, March 18, 2011

I bought more of this REIT at 20c two days ago and I bought more again yesterday at 19.5c. My overnight buy queue at 19c was not filled today although some 6 transactions, totaling merely 68 lots, sold down the REIT at 19c today. At 19c /unit, the distribution yield would be 10.53%.

Do I think the price is going higher or lower?

Fundamentally, there is nothing wrong with the REIT. Financially, it is very much stronger than its MI-REIT days. It has also reported on the status of its Japanese property in Tokyo and the situation is benign. Read blog post here. With an expected DPU of 2c per annum, the REIT looks very attractive at 20c per unit, the price it closed at today. In fact, on closing, 4,543 lots were bought up at 20c per unit.


Technically, the downtrend is quite obvious. However, forming a dragonfly doji is bullish. So is the higher low on the MACD histograms. Looking at the OBV, I see something interesting and that is how the OBV formed a higher low in the recent sell down compared to the low formed in late February when price was somewhat higher. This means that there is ongoing accumulation as price weakened recently.

I see immediate resistance at 20.5c which is where we find the steepest trendline resistance. A fair upside target in the event of a follow through is 21.5c which is where we find the next trendline resistance and the declining 100dMA.

Related post:
AIMS AMP Capital Industrial REIT: Bought more at 19.5c.

0 comments:

Monthly Popular Posts

 
 
Bloggy Award