Author: A Singaporean Stockmarket Investor (ASSI)

Hyflux: Divestment as gap closed at $1.365.

My sell order at $1.365 was filled today. This is the gap filling I talked about before. Could price move higher in the next session? It could, of course. However, the upper wick in today’s white candle as price touched a high of $1.37 before closing at $1.35 suggests that selling pressure is very much present. Moving higher on lower volume compared to two sessions ago is also a sign of...

Read More

Mr. Lee Kuan Yew on the eurozone crisis.

I just received the latest copy of Alumnus in the mail and on page 4 is a one page write up on what Mr. Lee Kuan Yew said during LKY School of Public Policy’s 7th Anniversary. He said something about the eurozone which got me interested enough to search for more details online. The one liner that got me interested was: “Mr. Lee thinks European leaders will try very hard to prevent the collapse of their currency union but he does not believe they will be able to keep it going.” So, does he think that the eurozone will ultimately...

Read More

Sabana REIT and AIMS AMP Capital Industrial REIT: Releasing quarterly results on 20 January 2012.

Both Sabana REIT and AIMS AMP Capital Industrial REIT will be releasing quarterly financial results on 20 January 2012. Sabana REIT: see announcement here. AIMS AMP Capital Industrial REIT: see announcement here. Sabana REIT has completed a few acquisitions in the last quarter. However, I think their contributions to distributable income will be more substantial in the current quarter. This is because the acquisitions where completed in November and December and not at the beginning of the last quarter. On 22 November, acquisitions of the following were completed: 1. 3A Joo Koon Circle 2. 2 Toh Tuck Link 3....

Read More

First REIT: Resistance and supports.

First REIT has been very resilient. It is probably one of the better performers in my portfolio as well. A great investment for income. However, investing for income does not mean that we cannot trade S-REITs from time to time especially if they remain range bound and somewhat predictable. In the case of First REIT, if we look at the weekly chart, it is caught between the 50w and the 20w MAs. Immediate resistance is at 77.5c while immediate support is at 76.5c. Breaking immediate resistance could see 79.5c tested next while breaking immediate support could see 74.5c tested....

Read More

SMRT: Downtrend intact.

Technically speaking, SMRT doesn’t look good and I am not referring to its trains stalling. OK, bad joke. Lower high and lower low in price are accompanied by a lower high and lower low in the MACD which is in negative territory. The downtrending MFI suggests reduced demand as the 50% line acted as resistance. However, forming a doji provides some encouragement for long holders. The doji represents indecision and is a stalemate between bulls and bears. That the doji formed despite higher volume on a day when price went lower than the low of the previous session suggests that there...

Read More

Capitaland: 20wMA, the resistance to watch.

Quite a few people asked me what do I think of Capitaland as I have not said anything about it in a while. Well, if we look at the weekly chart, it is obvious that the downtrend is intact. However, the higher low on the MACD which accompanies the lower low in price gives us a positive divergence. Being in the weekly chart, it suggests that we could see a recovery in price eventually. A recovery could meet with resistance provided by the declining 20wMA. If we notice, this MA has functioned as resistance since late October 2010. Yes,...

Read More

Hyflux: Early stage of trend reversal?

I was going to blog about Hyflux last night but I got home rather late. Anyway, Hyflux’s share price has been rather bouyant. Immediate resistance at $1.28 is a relatively weak one but it does not mean that it cannot prevent price from going higher. People sometimes ask me how do I tell if a resistance or support is weak or strong. If it was tested many times before, it is strong. If it was tested many times before in the weekly chart, it is even stronger. It is stronger if it had not been compromised when tested in the recent...

Read More

Golden Agriculture: 3 signs of possible weakness.

I am waiting to add to my long position here. There are signs that price could see some weakness in time to come. 1. Formation of a gravestone doji today on much higher volume. This suggests that buyers were unable to beat sellers as market participants mostly chose to lock in gains. 2. Declining volume as price rose. Volume is the fuel that drives rallies. Without volume, rallies would fizzle...

Read More

Saizen REIT: Acquisitions and long term loans.

Although I divested a large part of my investment in Saizen REIT, I still like the idea of owning freehold residential real estate in Japan where two thirds of its population rent the homes they stay in. The Japanese Yen has strengthened against the S$ quite a bit and this could translate to higher income distribution in 2012 for unitholders. Add YK Shintoku’s contribution to income distribution and the recent acquisitions which were funded by debt, we could see DPU a bit higher than my last estimate of 1c. Whether the difference is going to meaningful would also depend on how many remaining...

Read More

REITs, NOL, ARA and Hyflux.

Hope everyone had an enjoyable long weekend and is not missing the holidays too much. The bullish movement in the stock market should put smiles on the faces of long holders. Has the bear been vanquished? I think it is too early to think so. So, we might want to make use of the bullish sentiment to lighten our long positions. For me, I am still heavily invested in selected S-REITs as they could continue to deliver predictable passive income even in a zero growth environment. This is quite different, however, from thinking that S-REITs’ unit price would not suffer...

Read More

Hyflux: Broke resistance.

On 15 Dec, I said, “Right now, $1.065 is immediate support provided by the 123.6% Fibo line. A stronger support would be at $1.015, the 138.2% Fibo line and a golden ratio.” Hyflux’s share price touched $1.015 on 23 Dec, forming a white spinning top at the end of that session. A positive divergence was also formed in the process. A lower low in price and a higher low in the MACD. A buy signal. Congratulations to anyone who went in on the long side then! (I think I was visiting museums, temples and shrines in Ueno that day.)...

Read More

A common piece of advice on saving.

I want to say something about a very common piece of advice dished out by many financial advisors and that is to save at least 10% of our take home pay. Now, this is an easy enough one liner but is it easy to put into practice? For me, however, I have always said that saving even 10% is too little. Of course, everyone’s circumstances are different. So, for some, 10% is all they can manage. For some, even 5% could be a challenge. I have found out, over the years, that many do not save anything at all. For...

Read More

ASSI celebrates second birthday!

In another week, my blog will be two years old. Yes, time flies, doesn’t it? It seems like just a few weeks ago when I started this blog out of curiosity and boredom. Never in my wildest dreams would I have imagined how it would grow into what it is today. I took this photo almost a year ago with my Samsung camera phone. Still a favourite of mine. Nice blue lights for Christmas! I will be going away for a couple of weeks on another vacation. I will probably not be looking at the stock market or blogging in the...

Read More

REITs: Leasehold properties.

I have had quite a few exchanges with readers regarding REITs and their properties’ land leases, if any. Readers who follow the comments section of my blog would be aware of this. After a while, I realise we could just be running through the same points again and again. So, I am putting up my thoughts in a proper blog post written as a reply to a comment by a reader, Marti: Hi Marti, Yes, land leases should not be looked at in isolation. Like you said, if shorter leases are coupled with very high yields, they could still make great investments. So,...

Read More




Like us on Facebook

Follow us on Twitter