Saizen REIT: More insider moves.

A substantial shareholder of Saizen REIT, V-Nee Yeh, increased deemed interest in Saizen REIT from 20.201 % to 21.976 % (209,572,352 units).  This is a consequence of the open market purchase of units by ASM Hudson River Fund,  ASM Asia Recovery (Master) Fund and HC Capital Limited.

AND

Chang Sean Pey, CEO of Saizen REIT, converted 842,000 warrants into 842,000 new units.  He now holds 2,200,000 units of Saizen REIT.  This is 0.23% of total issued capital.

The percentage figure of issued share capital (after the transaction) was calculated based on Saizen REIT’s total issued 956,304,205 units as at 30 August 2010. It should also be noted that Saizen REIT had 490,053,212 warrants outstanding as at 30 August 2010.

Related post: 
Saizen REIT: Insiders buy.

Healthway Medical: A low of 16c.

On 17 August, I mentioned that "there is a chance price could decline further.  If it happens, the next support is at 16c." Price touched a low of 16c today on moderate volume.  16c is also where we find the rising 200dMA today. Could this support hold?

The MFI has formed lower highs which suggests weakening demand but it recently emerged from the oversold territory which suggests the return of some demand, although weak.  The OBV does not show any drastic distribution activity while the RSI continues to decline in oversold territory, suggesting that the selling might be overdone.  Lacking in positive catalyst, this counter's price could, however, trade lower.

Taking a look at the weekly chart, we see the 50dMA at 15.5c and this would be a stronger support.

Related post:
Healthway Medical: 17c support.

Golden Agriculture: Moving higher?

The fundamentals of CPO remain good and the recent price weakness in Golden Agriculture was accompanied by rather light volumes. Price broke resistance at 55.5c in today's session and closed at 56c.  55.5c is where we find the 50dMA.  Next resistance is at 57c. This is where we find the declining 20dMA and the downtrend line.  If this resistance level is taken out, we could possibly see the longer term resistance at 62c retested.

The MFI is rebounding from a low while the RSI has risen out of the oversold region. The MACD's decline in negative territory has halted and it is pointing slightly upwards.

Aug 31: Golden Agri, Kim Eng, Yangzijiang, Ezra. Crude palm oil for November delivery increased 1.1% in Kuala Lumpur yesterday, extending its three-day advance to 3.4%.
Tuesday, 31 August 2010

© 2010 - The Edge Singapore

Related post:
Golden Agriculture: Breaking the 200dMA.

Saizen REIT: Insiders buy.

Mr. Raymond Wong Kin Jeon, a director of Saizen REIT, made open market purchases of 2,584,000 units which bumps up his deemed stake from 1,262,100 units to 3,846,100 units. The units are held under HSBC (Singapore) Nominees Pte. Ltd.

A substantial shareholder, Argyle Street Management Limited, made open market purchases which increased its deemed stake from 166,340,912 units to 175,048,912 units.  Kin Chan, who is the beneficial holder of more than 20% of the issued share capital of Argyle Street Management, increased the stake further to 177,469,217 units.  This is 18.609 % of the issued capital of the REIT.

The percentage figure (after the transaction) is calculated based on Saizen REIT’s total issued 953,657,355 Units as at 27 August 2010. It should also be noted that Saizen REIT has 492,700,062 warrants in issue as at 27 August 2010.

Related post:
Saizen REIT: Better than expected DPU.