Saizen REIT: Sold down.

A few big transactions today, selling down Saizen REIT units.  One single transaction sold down 2m units at 15.5c.  This caused the OBV to plunge today and the MFI to sink deeper into negative territory. Distribution coupled by a reduced demand.  Not a pretty picture.

However, checking for announcements by Saizen REIT did not show any sale by insiders or substantial shareholders.  I suspect some retail investors are losing patience again.  Momentum is clearly negative as the MACD continues to decline beneath the signal line in negative territory.

At this rate, we could possibly see 15c tested as the next support. If that happens, I would buy more.

Mapletree Investments, a real-estate firm wholly owned by Singapore state investor Temasek Holdings, plans to launch a Japan property fund of around 80 billion yen (1.3 billion) this year in a bid to expand in the country’s property sector ahead of its rivals....

....Japan’s property market, the world’s second-largest and heavily leveraged, was hit hard by the onset of the global financial crisis and has yet to see a major investment since then.

But some Asian investors including wealthy Chinese individuals have begun showing an appetite for assets in Japan, whose property market is considered relatively transparent and yields stable returns.

Mapletree plans $1.3b Japan property fund
Monday, 16 August 2010

© 2010 - The Edge Singapore

Golden Agriculture: Chinese demand on the rise.

Price closed 1c lower at 57.5c today. The weakness is accompanied by a much reduced volume.  So, I am not too worried. Looking at the other indicators, we see the MFI forming a higher low, suggesting improving demand.  OBV is likewise rising, suggesting more robust accumulation activities.  The RSI has bounced off 50% which acted as support, suggesting a return of buying momentum. Any further weakness should see strong support at 55.5c as provided by the 100dMA.

The fundamentals are strong and the momentum oscillators are promising.  I would accumulate on weakness.

China's vegetable oil demand is entering a seasonal high, buoying edible oil and feedmeal prices, as the Mid-Autumn Festival and National Day holidays approach. 

"There is a supply reduction in oilseeds and this is leading to greater dependency on palm oil as supply growth is lagging behind demand," a senior trading executive at Malaysia-based major plantation company said. 

-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233; shie-lynn.lim@dowjones.com