AIMS AMP Capital Industrial REIT: Steady performance.

AIMS AMP Capital Industrial REIT has announced a DPU of 0.5376c payable on 16 Sep 2010. This is the same amount paid out in the last quarter and within my expectations since there has not been any significant material changes which would impact earnings. This represents an annual DPU of 2.1504c and an annualised yield of 9.35% based on the last traded price of 23c.

Technically, price is still range bound and capped by the long term resistance of 23c. MFI has turned down and it remains to be seen if it could bounce off its support. 22.5c is now the immediate support.

AIMS AMP Capital Industrial REIT delivers 26.1% rise in net property income in 1Q to $7.9m. The trust has five multi-tenanted properties in its portfolio which has an occupancy of 97.2% and a weighted average lease expiry of 4.2 years.

© 2010 - The Edge Singapore

Thursday, 29 July 2010

What could go wrong?

“The market is overbought and there is a renewed sense of complacency in the marketplace that I think could get shattered pretty quickly,” says the chief economist and strategist at Gluskin Sheff in Toronto.

Posted Jul 28, 2010 11:18am EDT by Peter Gorenstein,Tech Ticker.

"In a country like North Korea, with conventional artillery lined up to literally obliterate Seoul within hours and with direct nuclear capacity and ballistic missile capacity, this is an unprecedented threat from a rogue state," Bremmer says. "Clearly there is a drumbeat in North Korea that they are trying to use to build patriotism and support for their own regime. The question is: how far do they have to go?"

Bremmer goes on to say that the markets have largely ignored South Korea's precarious situation. They should pay attention because Kim Jong-il wields enormous power and no one knows what he is capable of, including his presumed benefactors in China.

"So if this continues to escalate, and so far all indications are that it will, it is going to start creating an awful lot of concern on the ground with some economies that really matter to the world," he says.

Posted Jul 28, 2010 08:00am EDT by Keegan Bales, Tech Ticker.

Genting SP: Doji.

Genting SP formed a doji today, a sign of indecision. Volume shrank today which is a sign that most people are staying sidelined. This stalemate is confirmed by the OBV which has gone flat. The MFI which has been rising and bordered on overbought has declined slightly.

Genting SP might just be taking a breather although with MFI almost overbought and RSI high in overbought territory, one wonders if it is ripe for a correction. Any pull back should see initial support at $1.20, a many times tested resistance level before and should be a strong support.  This, incidentally, is also where we would find the rising 20dMA in the next session.

Genting S’pore off 0.8%; Eyes on 2Q10 results. Next catalyst could be 2Q10 results, due next month, as performance will reflect full quarter of contributions from RWS, which opened in February.
Wednesday, 28 July 2010

© 2010 - The Edge Singapore

SPH: Retesting resistance.

SPH closed at $4.08 today, retesting the resistance identified some time back. This is the third time it has hit $4.08 since 16 July. Could it overcome this resistance soon?

Note the falling volume as price tried to move higher.  The MFI has also broken down from its uptrend. Demand is flagging. OBV, however, is rising somewhat after a brief decline, suggesting renewed accumulation but the gradient is gentler now and one could even say it's flat as it is more or less the same level now as it was on 16 July. What am I trying to say? The technicals are relatively weaker now.

However, the 20dMA is still rising strongly and if price manages to stay above the 20dMA in the near term, SPH could be doing a correction using time and the 20dMA could push the price past $4.08 eventually.  Keep an eye on the OBV.  If it stays flat while the MFI declines, it would mean a lack of distribution and this might prevent price from sinking too much even as demand weakens.

Immediate support is at $3.98.  This is where we find the rising 20dMA and it is also a natural candlestick support level.  Good luck to fellow shareholders.