
Wah ... big crash today. How are the other property counters doing?
Yes, it is a good move by the authority to control the run-away property market. Imagine you have to pay S$50K for popular area (S$100K for Queenstown) over valuation for HDB flat. Amazing, where this people get the cash?
For property sector, it's mostly red today due to the measures to cool the property prices announced on Friday. If it still don't work, more measures will be taken. Guess the authority will try to do their best to control the rising property prices.
Is it time to buy yet?

TA charts have not changed since last post. Still bearish looking.
All fronts are quiet....very quiet
KennyNah, so from your analysis, BUY or SELL or HOLD?
Hi,
see the fundmentals of Allgreen. I dont pretty much like what i see. personally, i noticed Capitaland in the property sector. my choice, among other reasons, is made not for contra nor day trading. i believe there are other choices, if we look hard enough..
allgreen fundamentals :
from Reuters
Ratios
AGRN.SI | Industry | |
---|---|---|
P/E (TTM) | 22.31 | 25.05 |
P/S (TTM) | 5.08 | 13.31 |
ROI (TTM) | 6.00 | 14.36 |
ROE (TTM) | 7.20 | 20.70 |
from Blooomberg
Price1.860 | Change-0.030 | % Change-1.587 | BidN.A. | AskN.A. | Open1.890 |
VolumeN.A. | High1.890 | Low1.850 | 52-Wk High2.280(06/25/07) | 52-Wk Low1.210(12/20/06) | 1-Yr Return75.534 |
FUNDAMENTALS
Shares (Millions)1,590.381 |
Market Cap (Millions)2,958.109 |
Earnings0.056 | Price/ Earnings22.377 |
Relative P/E1.510 |
ROE4.964 |
Last Dividend Reported0.033 Regular Cash |
Dividend Yield (Trailing 12mo.)17.807 |
Rel. Dividend Yield5.424 |
90-Day Volatility49.394 |
Beta vs. STI1.135 |
Allgreen's TA charts still look bearish. Better to be cautious.
when it will break the S$2 barrier?
TA charts look slightly bearish. Acc/Dist and Chaikin don't look very good.
Upsurge in volume esp yesterday. Any particular news?
TA signals may have changed direction. Looking generally better now.
TA charts still look slightly bearish
Does that mean also apply to the other property developers? There are a lot of sub-sales in the market now, a lot of speculators. Those properties that have been sold 100% - if you read the prpoperty classified, there are a lot of sub-sales, a lot of people are hoping to cash in a fast $$$.
Allgreen MAY be turning southwards. Keep a cautious lookout.
Hi singaporegal ,
Many thanks for your advice.
Hi violet-ang,
I don't believe in averaging but I think this counter looks like it may have bottomed out in the short term. Acc/Dist is trending up slightly.
Hi, first time posting on this forum. could anybody advise if it is ok to buy some more of allgreen at level of 1.70 to 1.75 for averaging? I have 1 lot at S$2 & 2 lots at S$1.89