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A few big transactions today, selling down Saizen REIT units. One single transaction sold down 2m units at 15.5c. This caused the OBV to plunge today and the MFI to sink deeper into negative territory. Distribution coupled by a reduced demand. Not a pretty picture.
However, checking for announcements by Saizen REIT did not show any sale by insiders or substantial shareholders. I suspect some retail investors are losing patience again. Momentum is clearly negative as the MACD continues to decline beneath the signal line in negative territory.
At this rate, we could possibly see 15c tested as the next support. If that happens, I would buy more.
Mapletree Investments, a real-estate firm wholly owned by Singapore state investor Temasek Holdings, plans to launch a Japan property fund of around 80 billion yen (1.3 billion) this year in a bid to expand in the country’s property sector ahead of its rivals........Japan’s property market, the world’s second-largest and heavily leveraged, was hit hard by the onset of the global financial crisis and has yet to see a major investment since then.
But some Asian investors including wealthy Chinese individuals have begun showing an appetite for assets in Japan, whose property market is considered relatively transparent and yields stable returns.
But some Asian investors including wealthy Chinese individuals have begun showing an appetite for assets in Japan, whose property market is considered relatively transparent and yields stable returns.
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