Seems to have cleared the 1.80 resistance firmly and on the way up more. As long as 1.80 remains as new support level, still a mid to long term bullish and can continue to ride the uptrend which is very much intact.. Short term MA pointing upwards where price have been trading above is consistently. Long term 200 DAY MA, making a reversal upwards at the initial phase.
Raise stop loss to 1.795 now, Enjoy the upside ! J
Sent: Friday, May 30, 2014 3:11 PM
Subject: Follow UP ******************* Suntec Reit: Uptrend still intact...... awaiting break above 1.80..... Accumulate.....
Subject: Follow UP ******************* Suntec Reit: Uptrend still intact...... awaiting break above 1.80..... Accumulate.....
Suntec Reit seems to have broken above the 1.80 resistance level as mentioned previously, now at 1.805 with a high at 1.81. More upside can be possible from here is it can stay above the 1.80 level in the coming days. Target will then be to 1.90 then 2.00 as mentioned in previous accumulate call.
Raise stop loss at 1.78 then.
Sent: Tuesday, May 20, 2014 9:41 AM
Subject: ********************** Suntec Reit: Uptrend still intact...... awaiting break above 1.80..... Accumulate.....
Subject: ********************** Suntec Reit: Uptrend still intact...... awaiting break above 1.80..... Accumulate.....
Following up from previous BUY CALL: http://singaporetradinginsights.blogspot.sg/2014/05/suntec-reit-potential-upside-to-200-on.html
Suntec Reit has been trading from 1.77 to 1.80 for about a week already, have tested the psychological 1.80 resistance but failed to cross over 2 times. Likely to test it again over the next few weeks. Any break above the 1.80 can see it trade higher again to 1.90 to 2.00 level as mentioned previously. Bullish Double bottom spotted before the breakout above 1.75. Support remains at 1.77 then 1.75 currently. Uptrend intact and can continue to hold and ride the upside unless it proves otherwise.
Raise stop loss to 1.745 now.
OCBC 25TH APRIL 2014
Suntec REIT: Pure operational boost in 1Q14
Suntec REIT posted a strong recovery in its 1Q14 results, with NPI and distributable income rising 42.7% and 7.0% YoY to S$43.8m and S$50.9m respectively. The increase was due mainly to the opening of Suntec City Phase 1 and contribution from its recent acquisition in Sydney. Over the quarter, Suntec REIT continued to make significant progress on its leasing activities. On its capital management, we note that it has also signed a S$800m five-year unsecured loan facility to refinance the outstanding balance of its S$1.1b loan facility due in 2014 and 2015. Together with the recent private placement to pre-pay its S$350m debt due in 2015, Suntec REIT no longer has any refinancing needs till 2016. We maintain BUY with unchanged S$1.85 fair value on Suntec REIT.
Suntec REIT posted a strong recovery in its 1Q14 results, with NPI and distributable income rising 42.7% and 7.0% YoY to S$43.8m and S$50.9m respectively. The increase was due mainly to the opening of Suntec City Phase 1 and contribution from its recent acquisition in Sydney. Over the quarter, Suntec REIT continued to make significant progress on its leasing activities. On its capital management, we note that it has also signed a S$800m five-year unsecured loan facility to refinance the outstanding balance of its S$1.1b loan facility due in 2014 and 2015. Together with the recent private placement to pre-pay its S$350m debt due in 2015, Suntec REIT no longer has any refinancing needs till 2016. We maintain BUY with unchanged S$1.85 fair value on Suntec REIT.
