Saizen REIT: All but one property have been visited.

"In the areas affected by the earthquake and tsunami, all 6 properties in Morioka and Koriyama, and 21 out of 22 properties in Sendai have been viewed by the property managers thus far, and preliminary reports have confirmed that these properties appear to have sustained only minor damage and to have remained intact.

"To-date, we have not received any reports of tenant casualties, and none of the properties viewed appear to have been vacated.

"The remaining property yet to be viewed by the property manager due to transportation contraints is Royal Hills Katagiri, belonging to the TK operator YK Shingen."

Royal Hills Katagiri

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CapitaMalls Asia: Green in a sea of red.

The positive divergence observed in the weekly chart many times before could be playing out. Today, price rose strongly on the back of higher volume as a long wickless white candle was formed. Price was $1.60 at the open and $1.69 at the close.

Positive divergence between declining price and the MFI is quite obvious on the daily chart now. Price would likely continue higher in the next session with immediate resistance provided by the declining 20dMA at $1.73.

If the bulls are very strong, we could see $1.83, a formerly strong support tested as resistance this time round. $1.83 is also where the declining 50dMA is approximating.

Related post:
CapitaMalls Asia: Japanese properties are safe.

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