First REIT: Fundamental & Technical Analysis

By Marubozu • October 12, 2013

Fundamental Analysis

Last Price = $1.105
NAV = $0.895
Price / NAV = 1.2346
Distribution Yield = 6.195%
Gearing Ratio = 33.4%
Plus Points: Rental pegged at SGD and USD & Long Master Lease.
Minus Point: Gearing at the high side.

FIRST REIT last presentation at Macquarie ASEAN Conference on Aug 28, 2013. Technical Analysis

First REIT is technically bearish (below 200D SMA) and currently seems like trading within a down trend channel. Currently the stock price is testing the down trend channel resistance. If rejected at this resistance and break the recent support of $1.06, First REIT will continue the down trend...

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