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SINGAPORE, June 21 (Reuters) - Shares of Singapore property developer Keppel Land rose as much as 4.2 percent on Tuesday after analysts say value in the stock had emerged after a sharp sell-down last week. At 0139 GMT, shares of Keppel Land were 2.9 percent higher at S$3.61 with over 1.7 million shares changing hands.
" In the last two weeks, Keppel Land's shares were sold off quite a lot and the valuations are looking pretty cheap now, so it's staging a short-term rebound," said a trader. Keppel Land's shares fell to a 43 percent discount to its re-stated net asset value last Friday, CIMB said in a report. The property developer's shares had fallen by about 12 percent last week, hurt by concerns about easing demand in China and after Singapore's government said it would release more land for private housing in the second half of the year.
" We believe the market has neglected the fact that Keppel Land is still one of the biggest office landlords in Singapore with a Singapore residential inventory that has been largely pre-sold," CIMB said.
Seems still weak, shorted again.
hey expert,
what is your tp.... currently below 3.54
krisluke ( Date: 20-Jun-2011 13:58) Posted:
KepLand: Obtained masterplan approval for integrated waterfront resi dev in Ho Chi Minh City (HCMC), Vietnam. The 30 hectare site is expected to comprise of 6,430 homes supported by quality retail, comm, educational and medical facilities of total gfa of 1m sqm. The 1st phase of dev is expected to be approx 1500 waterfront apt units tgt in 2012…
Co has also built 500 homes to HCMC People's Committee in a separate location in exchange for the 30 ha site. These homes are part of a public priv initiative to build a resettlement housing proj and a further 1300 homes will be delivered over the nxt 2 yrs. This proj will be undertaken together with its JV partner Tien Phuoc which it earlier secured a 13.5 ha waterfront site with as well…
Co has recently been expanding in both China and Vietnam in residential space. Co trades at current P/B 1.2x but YTD share price performance has been similar to that of Capitaland at current P/B 0.9x. |
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KepLand: Obtained masterplan approval for integrated waterfront resi dev in Ho Chi Minh City (HCMC), Vietnam. The 30 hectare site is expected to comprise of 6,430 homes supported by quality retail, comm, educational and medical facilities of total gfa of 1m sqm. The 1st phase of dev is expected to be approx 1500 waterfront apt units tgt in 2012…
Co has also built 500 homes to HCMC People's Committee in a separate location in exchange for the 30 ha site. These homes are part of a public priv initiative to build a resettlement housing proj and a further 1300 homes will be delivered over the nxt 2 yrs. This proj will be undertaken together with its JV partner Tien Phuoc which it earlier secured a 13.5 ha waterfront site with as well…
Co has recently been expanding in both China and Vietnam in residential space. Co trades at current P/B 1.2x but YTD share price performance has been similar to that of Capitaland at current P/B 0.9x.
There will be 2 groups of buyers, those waiting to buy & those short covering, that's why up fast. My position stopped out already.
Wow the rebound is fast, lots of short covering..?
I'm still in, just let the water flow smoothly down. Another exciting day today!
Why this thread so quiet, no one play this counter??
Luckily, I sold almost all my blue chips several month before!
PinkPunter ( Date: 17-Jun-2011 14:32) Posted:
| The selling starts now...
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The selling starts now...
Free falling will only start in the afternoon....as usual
3.65 is our pivot point.
Our preference: the downside prevails as long as 3.65 is resistance.
Alternative scenario: above 3.65, look for 3.79 and 3.88.
Comment: the RSI is trading below 30. This could mean that either the stock isin a lasting downtrend or just oversold and that therefore a rebound couldshape (look for bullish divergence in this case). The MACD is below its signalline and negative. The configuration is negative. Moreover, the share standsbelow its 20 and 50 day MA (standing respectively at 3.91 and 4.09).
Finally,Keppel Land is trading below its lower daily Bollinger band (standing at3.54). Keppel Land is currently trading near its 52 week low at 3.42 reachedon 16/06/11.
Supports and resistances: 3.79 *3.65 **3.6 3.44 last3.26 3.17 **3.09 *
Good play...
susan66 ( Date: 17-Jun-2011 01:23) Posted:
Cheap will get cheaper! Freefall still on the way, shorted since $2.76 and going down everyday. Just have to respect the market, ride along with the trend.  |
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Cheap will get cheaper! Freefall still on the way, shorted since $2.76 and going down everyday. Just have to respect the market, ride along with the trend.
Looking at fundies it is cheap but market is sometimes not rational... price always give the truth... everything now points south, try to stay on the sidelines for now. Try not to catch the bottom coz we don't know yet how deep the bottom is.....
Uncle Ti 88
http://uncleti88.blogspot.com/
----
I trade using simple moving average and Commitment of Traders Proxy (COT Proxy) + some other special ingredients that Colonel Sanders will be proud of.
I win some I lose some. But I make sure my wins make up more than the losses!
When TA, FA blah blah doesnt work, retrace to another version of
http://en.wikipedia.org/wiki/It%27s_the_economy,_stupid
u have 2 choices
1st) sell when there's a rebounce.. though i am not sure where this ship is gonna rebouncing to.
2nd) FA wise it is cheap.. (yes it might or will get cheaper according to this sentiment).. so u can hug for 2-3 YEARS.. come back in 2013 if we are all still alive..
mic7762 ( Date: 16-Jun-2011 16:54) Posted:
Bought 20lots at 4.07. Now really no eyes to see. Hiazzzz.....
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Bought 20lots at 4.07. Now really no eyes to see. Hiazzzz.....
lots of big stock going down. mkt dun look so gd. Hold if u can. All downtrend will come back with a uptrend. Juz depends on where ur entry.
Free fall everyday...really no eye see!
