Shares & Derivatives
Sabana REIT: 3A Joo Koon Circle and 2 Toh Tuck Link.
By A Singaporean Stockmarket Investor (ASSI)  •  September 16, 2011
Sabana REIT is acquiring two more properties. 1. 2 Toh Tuck Link Price: $39.8 m Remaining lease: 45 years 2. 3A Joo Koon Circle Price: $40.2 m Remaining lease: 36 years The purchases will be financed by debt. With these acquisitions, gearing will be raised 33.7%.
Technically, trading of Sabana REIT's units is seeing decreasing volume as price hits a stubborn resistance at 89c. Although the MACD is rising, it is still in negative territory. A retest of support would be nice before a stronger push to break resistance......
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By A Singaporean Stockmarket Investor (ASSI)
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