On the last trading day before Good Friday Holiday, Keppel Reits' price jumped from 1.19 to 1.24 ( or 3.7% higher) with elevated trading volume, forming a clear and strong break out.
Before the breakout, the counter has seen price weakness together with subdued trading volume ever since Oct 13, when Temasek sold off its shares. (See previous post : Keppel Reit Dumped by Temasek, Should You?) However, the downside is limited at 1.10, since there is no fundamental issue with this counter.
Technically, the price has jumped above 200d MA, next few weeks we shall see if this line can turn into new support.
Last week, Keppel Reits also released its last Q's results, as steady as expected: DPU maintained, Top and bottom line kept up; refinancing under management. The only concern is that the current all-in-cost is 2.......
