The last time i have discussed on both Ascendas REIT and Ascott REIT are in the month of February 2012. Back then, my view on Ascendas REIT is on sustainability and Ascott REIT having 7.89%, not bad for a low interest rate environment.
From a hindsight perspective, it seem that both turn out to be just doing ok.
Ascendas REIT is expecting to reports its result today. In the latest JPM report dated 16 Oct 2012, it has a target price of 2.650, a forward yield of 6%.
From a technical perspective, while it has crossed above the Upper Bound of the Andrew's Pitchfork, but due to positive feedback, it is possible for the share price to surge to potential reversal zone of 2.560 - 2.700 (JPM Target's Price is 2.650). However, a close below 2.400 and under the Upper ...
...From a technical perspective, while it has crossed above the Upper Bound of the Andrew's Pitchfork, but due to positive feedback, it is possible for the share price to surge to potential reversal zone of 2.560 - 2.700 (JPM Target's Price is 2.650). However, a close below 2.400 and under the Upper ...
