Occupancy rates are improving qoq.... Can buy on a really discounted price below 1.52 to wait for any rebound.... Strong yield of about 6% too....
Wednesday, March 2, 2011
SUNTEC REIT - stabilising at channel support level.... Long term play in the office sector... Citi has a target price of 1.66
SUNVIC CHART - resistance at 0.785..... Strong buy up on dips seen for the past few weeks....
Can try to buy on dips, average up on breaks above the 0.785 resistance... Probably a matter of time before it breaches and break out above that level...
Tuesday, March 1, 2011
GENTING HK CHART - CLEARED RESISTANCE AT 0.375 TODAY...now at 0.38 !!!
Possible to close this gap.. next resistance 0.40.... From the chart, you can see that it is supported quite strongly along the red line which is the 200 day MA, As long as is does not cross below this red line, long term uptrend still remains intact....
GENTING SP CHART - trading range currently from 1.90 to 1.98.... range has become tighter over the past few days from 1.92 to 1.96.... a mere 4 bids spread..
Traders can trade this tightly, accumulate at lower end of range from 1.90 to 1.92..... taking profit at 1.96 to 1.98..... Volatile markets conditions remains still……so….. take profit while you can….
Monday, February 28, 2011
OLAM CHART - has broken away from the 2.72 resistance, now at 2.74, if stay above likely to head higher and close the gap...
Look at how sharply it has come down the previous week... Rebounding back to 2.88 level possible is stay above 2.72....
Friday, February 25, 2011
DBS CHART - trading range is from 14.12 to 14.38... traders can trade this range tightly...
Possible to accumulate at the lower end of range probable below 14.20..... Average up on breaks above 14.40.... Stop loss below break down of support level at 14.12 as can see it go down to 13.84 next support...
Thursday, February 24, 2011
OLAM CHART - Hammer candlestick pattern spotted yesterday, broke away from yesterday high of 2.61...
Possible to rebound back to above 2.80 level on clarification made by Company. Strong volume seen today on rebound....
Olam (O32.SG) rises 3.1% to S$2.64, recovering some of it's 13% fall this week, with analysts largely debunking concerns sparked by a recent CLSA report talking about Olam's dependency on Nigeria export incentives and perceived accounting discrepancies. RBS says the concerns are "misplaced," and reiterates its Buy call with S$4.05 target. IIFL says "this may well be Nigerian scam at its finest: a disgruntled rival trader spun a tale; a brokerage took the bait and speculated that Olam's business is built on Nigerian export incentives." It adds, Olam's operations are robust and its gearing is within the comfort zone; "we recommend Buy, especially now that it is trading at a cheap 17X forward P/E." Morgan Stanley, which has an Overweight rating says "the issue of export incentives is not significant...and we are not concerned about the impact of a change in incentive structures on Olam's profitability." Credit Suisse, which has a Outperform call and S$4.20 target, says the sharp pullback means Olam shares are now at "an attractive entry point."
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