AIMS AMP Capital Industrial REIT: Cheaper please.

AIMS AMP Capital Industrial REIT's unit price declined today to hit a low of 21c. I was in the buy queues at 21.5c and 21c.  Didn't manage to get any at 21c.  With an estimated DPU of 2.08c, buying at 21.5c gives a yield of 9.67%.

Looking at the charts, I mentioned to some friends that getting some at 21c or even 20.5c is a distinct possibililty although 21.5c is psychologically important as it is the midpoint of the old trading range of 20c to 23c. I am keeping some powder dry as buying at 21c would give a yield of 9.9% while getting some at 20.5c, which is where we find the 100dMA, would give a yield of 10.15%!

Then, why not I wait for 20.5c and be done with it?  Well, TA only shows us the probable scenarios, not definite results. I always hedge. 9.67% yield is more than decent to me and quite acceptable.

Genting SP: CEO pares stake.

Genting SP rocketed to a high of $2.18 on 20 Sep which was also the day when OBV peaked and the MFI formed a higher high.  However, all parties come to an end or at least they need a break.  Genting SP's share price has retraced to support provided by the 20dMA at $1.93.  Will this support level hold? Or will we see more downside?

That the CEO sold down his stake to the tune of 900,000 shares yesterday at $2.047 each does not inspire much confidence in investors. We could see more selling pressure in the near term.  If $1.93 gives way, I see the next support level at $1.84, give or take a cent. Strong support should be provided by the rising 50dMA which is currently at $1.60.

Genting Singapore off 1.5%; CEO Tan Hee Teck’s sale of own shares in open market prompts other investors to follow suit. 
Tuesday, 28 September 2010

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