Comments: Price is dropping with corresponding volume decrease. In addition, price is reaching demand zone. May be can consider to add position, with longer term view. Risk to reward ratio is good. For growth investing purposes.
Ezion View
Semb Corp View
Comments: Price drop with increasing volume. It is approaching 2.25 demand zone. Need to see that price halt with increasing volume, thereafter showing reversal pattern first before any action to be taken. Alternatively, one can consider to enter with long term view, averaging down taking consideration that current price level is reasonable.
SG Index View
Comments: RE Index entering demand area. Need further observation. On a bigger scale, it looks like double top, if breakdown, may reach next demand level as shown in the lower level blue box. This level may be can consider to start accumulating good REITS, with low debt, and with stable and sustainable dividend.
Comments: STI entering demand area. The price drop with decreasing volume. Watch for potential reversal signal. At this level, may be can start to accumulating small amount of STI ETF.
Comments: WTI had broken below 30. Downside is maybe at around 26. The impact is reflected on O&G index. However, one can observe that every drop in price, volume is decreasing. Watch for potential reversal. May be can consider O&G related stocks with good fundamental and manageable debt.
Keppel Corp View
The greatest volume over price shown on the chart is when Keppel Corp was within range of 10.5 to 11 SGD. The next range was between 8.5 to 9 SGD.
Comments: All TF tells that Keppel Corp is on DT. Mn1 dz is 3.91 to 4.62; W1 dz is 5.36 to 6.21 (price is currently within w1 dz. D1 dz is 5.36 to 5.54. Will see how price react this week. Based on mn1 chart, volume is decreasing with downprice movement. The volume over price chart also shows lower volume transaction at current price level. May have chance for reversal.
Interested Stocks
Shortlist as of 4 Jan 16
Criteria:
(1) Div Yield >5.5%
(2) Gearing ratio <35%
(3) Price / NAV < 1
CapitaCom Trust
CapitaR China Trust
First Reits
LippoMall Trust
Aimsamp Cap Reits
Far East h-Trust
Keppel DC Reits
Fraser Cpt Trust
MapleTree Ind Trust
Others (Gearing ratio >35% but with discount):
K-Reits
Cache Log Trust
CapitaR China Retail Trust
Financials:
YOY Rev Growth: >10%
YOY Profit Growth: >10%
Div Yield: >7% (based on price of 1.465 dtd 11 Oct 15); consistent and increasing
Current Ratio: >1
Gearing Ratio: 27.7%
Occupancy Rate: >80%
P/Nav: 1.465/1.65 = 0.89 (~11% discount)
Comparison:
Technical:
Comments: I am very keen to take on long position from price range between: 1.4 to 1.46. Queuing for it. Reason being, I opined that it is fundamentally good REITS with good sponsor, at reasonable price, supported by technical. Comparatively, it is also good.
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Leverage Factors
Few things to watch out for on factors related to leverage. It is a double edge sword.
(1) Gearing ratio of <35%; It can refer to (a) debt-to-equity ratio; (b) equity ratio or (c) debt ratio is the one used in this case which is the total debt / total asset <more: Investopedia.com>
(2) Interest coverage ratio of >3: EBIT / Interest Expense <more: Investopedia.com>