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Let's see whether this sat/sunday & especially next Monday, 15 Nov, any drastic drop in ads. From what i know is that the authority is coming very hard on these agents' ads content. As you guys know our gov will be very serious in the initial stage whenever they implement some new regulations....so in short 2 types of people in Singapore are hiding for the time being, property agents and gangsters.....cheers
I will continue to buy SPH for good dividend yield.
Hulumas ( Date: 12-Nov-2010 11:54) Posted:
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Okay, I start buying, thank you.
rutheone1905 ( Date: 12-Nov-2010 10:24) Posted:
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Wow! I just bought SPH at 4.26
Now 4.23.
Classified Ad going to be affected by this new ruling?
How to sell property without ad ?
Good anaytical skill, only the wise will benefit from it.
rutheone1905 ( Date: 12-Nov-2010 10:24) Posted:
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so good, it will test 4.30-4.50
Ripe for move to $4.30-50 band after 2 months consolidating
tightly around $4.15-25
Price :
TP $4.34-40, $4.50
SP $4.15-20
Najeeb Jarhom
6236-2816
najeeb@amfraser.com.sg
Since it lost vital support at low end of a lengthy trading band
throughout 2007 and till mid-2008 ie around $4.30-70, SPH has failed
to even touch $4.30 with the highest point reached being $4.28 last
month.
However in the past 2 months it has been able to nudge its support
up from $4.11-14 to $4.15-18 in a good sign that it is about to enter
the upper half of $4.30-50 band that had prevailed prior to the mid-
2008 support breakdown.
Considering that it has recovered 62% ($3.86) of its fall from 2007
high of $4.82 to March 2009 low of $2.31 as far back as Oct last year,
and took its time to cross the 76.4% mark ($4.23) it should not be
long before the counter moves back to $4.30-40 and probably $4.50.
With its 12-month yield at 5.9% and 11c special and 9c final dividend
set to go ex on Dec 9, SPH can be expected to move gently up in the
run-up to this date.
Short term indicators such as Bollinger bands and MACD are bullish
while overbought RSI should adjust itself during intra-day pullbacks to
$4.15-20.
This band should act as strong support as it is mid-point between
record $6.08 peak in 1q00 to $2.31 low last year
New MND rules to uphold Property sector integrity and transparency kick-in on 15Nov. Hence all agencies warned their agents/sale person to be familiar with the new rules & regulations. In the past many agents did all the wrong things like claiming to be "specialist", "top seller", "COV guarantee", etc in flyers & newspapers.....all such act of deceiving will become illegal under the new rules implemented on 15 Nov. Therefore, advertisement in Straits Times will fall suddenly becos nobody want to stick their head out to be the first to kena from the authorities....so ......