Saizen REIT: Cheaper please.

Quite recently, in LP's cbox, I mentioned that I was watching Saizen REIT like a hawk, believing that there would be some people who would lose patience and sell down their stakes. Today, it happened and I was waiting at 15c.  Buying at 15c is similar to what we would have paid for Saizen REIT last year in December.

Saizen REIT was sold down heavily, most of it at 15.5c, today for whatever reason. The lack of interest by the market at large in this counter is quite obvious as the MACD has been hugging the signal line. At below zero, the momentum is clearly negative.  The MFI has been forming lower highs, a sign of flagging demand. RSI shows a slowing of buying momentum. 16c could possibly be a strong resistance now as that is where all the MAs are approximating.

The annual report would be out soon and I would take some time to go through it but I doubt I would find anything unexpected.  Value is what we get and price is what we pay.  If Mr. Market is willing to sell to me an undervalued stock at a lower price, I would graciously (or greedily) accept.

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

© 2010 - The Edge Singapore

Hock Lian Seng: 32c target.

Hock Lian Seng seems to be forming steps with the rising 20dMA pushing up the price at every step. The rising 20dMA would be at 30c soon.  A support seems to have formed at 30c for this construction stock.  Further upside would give a target of 32c.

While the OBV shows constant accumulation, the MFI shows lower highs forming.  So, accumulation is taking place amid lowering demand.  Not a powerful statement. A slow grind up is perhaps what we would see for this counter.

Related post:
Hock Lian Seng: Resistance broken.