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No particular reason why I don't use MAs...
Just find that RSI, Acc/Dist and Chaikin work well together. BTW, I also use Bollinger bands and Williams %R to double check too.
Just find that RSI, Acc/Dist and Chaikin work well together. BTW, I also use Bollinger bands and Williams %R to double check too.
Why? I use mainly MA, RSI, stochastics and bollinger bands.
Yeah... I don't use MAs. Use mainly RSI, Acc/Dist and Chaikin.
MA crossover is indicating sell signal.
I think this counter may be experiencing a trend reversal southwards soon.
Eight cents upside isn't much.
It was higher after it reported a forecast-beating, third-quarter distribution per unit of $0.0285, dealers said. Its distributable income was $26.61m, about 2% above its own forecast.
Citigroup said it is keeping its "buy" rating on the stock with a target price of $2.69.
"Due to the better-than-expected contributions from its malls, we have raised our DPU estimate for 2006 and 2007 by 3%," Citigroup said.
Citigroup noted that rental rates at the IMM shopping centre were better than expected, with asset enhancement work progressing well on track. With CapitaMall's plans to commence asset enhancement works at Bugis Junction, Citigroup said it expects total gross revenue and net property income to improve by $4-5.4m a year.
red1721,
If you refer to CapMall presentation for the acquisition of Raffles City of 26 Jun, they presented 2 scenerios:
- Issue of new units @ $1.90..FY07 yield forecast @ 5.99%
- Issue of new units @ $2.20..FY07 yield forecast @ 5.19%
Looking at the price, I suspect the mgmt is trying to achieve case 2 scenerio. But, as an investor, I will prefer case 1.
red1721,
I think there are better yielding REITS to consider.
CapMall @ today's price of $2.16 forecast to pay 11.11 cts.....of which 1Q has already been paid. Yield works out to be 5.14%. NAV is 1.67...P/B 1.29X.. Acquisition of Raffles City is marginally accretive.
Consider Ascott REIT...today's price $1.12. Current FY DPU forecast is 6.11cts....yield 5.45%. NAV $1.31....P/B...0.856X. Current payout is 1.71cts. New acquisition is 7%.....better yield accretive.
Also, consider MIIF.....today's price 91cts. FY06 DPU 7.95cts....yield 8.8%. NAV 96cts.....P/B....0.95X.
So does it means its a good time to grab somemore of this stock? was quite reluctant to buy somemore few weeks back when it hits $2.0X, bearish market and recent middle east thingy giving me the creeps...but I looking into long term investment on this stock, anyone else got any comments?
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CapitaMall Trust 28 Jul : Ex-Dividend DIVIDEND : 010406 - 300606 SGD 0.0277 LESS 20% TAX |