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resistance @ $2.4
| Far East Orchard - Strong rebound suggests more upside to come |
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By Philip Teo
Thu, 2 May 2013, 15:46:39 SGTStrong rebound suggests more upside to come ...last done: $2.19...
Key support intact. Far East Orchard could see further recovery ahead after initiating a strong rebound off its near 1-year uptrend support and $2.13 immediate support on heavy trading volume in the last session the 5-month downtrend resistance was also conquered at the same time.
Indicator turning bullish. The MACD has just climbed back above its centerline this suggests that the upside momentum is accelerating.
Next resistance at $2.40. The counter could head higher towards the next key obstacle at around $2.40 (psychological resistance) in the weeks ahead.
Immediate support at $2.13. Meanwhile, we advocate a stop-loss exit at around $2.08, which is slightly below the immediate support level at $2.13. |
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All eyes on
SBF Centre - Next Price Catalyst Buy, TP $2.5
FEOR delivers a good set of FY12 results. FY12 revenue at SGD140m was
126% of our estimate. FY12 core PATMI at SGD73m was 121% of our
estimate.
FEOR has started registration of interest for SBF centre (20% stake),
with sales launch targeted in 1Q13. Prices of the strata office units
will start from SGD2,400 psf, while those of the medical suites will
start from SGD3,500 psf. Given the strong sales momentum in strata
commercial space lately (Alexander Central, Paya Lebar Square, PS100
etc.), we expect at least SGD2,400 ASP for SBF centre.
Undervalued in our view, with net cash already at SGD1.11. Reiterate BUY
with an attractive SOTP valuation of SGD2.50.
highest 2.89..
targetting $3
may see $2.90 or even $3.00..
FEOrch up 6% today now 2.72..
gd run up
YHS & FEOrch flying in tandem..
now 2.64
Share price overhang. Orchard Parade Holdings’ shareholders will receive dividend-in-species in the form of YHS shares in December 2012. This will result in a sudden increase in free float from 15% currently to 29.5%. Although we are of the opinion that this increase in free float is positive for the share price in the long term, it may result in a share price overhang in the immediate aftermath of the distribution.
Admin
can change this to FEO?
thanks!
Very strong support at $2.33....
Holding for 10 yrs.. finally sold all 10 lots for $2.10. Just dun want to miss the boat again.
Good stock .
Good fundamentals and nice dividend.
Hi, I'm back to see OP again.. since I missed the $3 in 2007, still holding the stock... should I sell now .... or wait for the 12 cts dividents.
I smell money!
MEDIA RELEASE - ORCHARD PARADE SHAREHOLDERS APPROVE INJECTION OF ASSETS INTO PROPOSED FAR EAST HOSPITALITY TRUST AND EXPANSION INTO HOSPITALITY MANAGEMENT AND HEALTHCARE REAL ESTATE
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9F64F2D7A5ED606B48257A3800399F78/$file/OPHL_Media_Release.pdf?openelement
Anyone went for the meeting this morning?
Let go too fast at 2.12 - looks like moving up as the buying support is strong
sgnewbie ( Date: 06-Jul-2012 09:15) Posted:
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Moving up and dividend is attractive. NTA is above $3. Time to collect more
sgnewbie ( Date: 14-Jun-2012 09:32) Posted:
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