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On Thursday, KepLand tested its support at $4 and closed at $4.05 with low volume of 3.19 million shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create
three black crows, the steady downward pattern is bearish.
Both RSI & MACD are turning flat as MACD lines began to converse.
Important Resistance of KepLand: $4.09
Immediate Support of KepLand: $4
Impossible to buy since prices are way above 20/50/100/200 days MA and RSI near oversold region.
In fact, the 3 black candles already serve as a bearish indication.
SEE ANALYSIS OF KEPCORP
If vested, we would look for the support at $4 and sell once breached.
Only 3.07, haha...
Kepp el Land
Underperform | $4.08
Macquarie keeps “underperform” call but lifts Keppel Land target price to $3.07 from S$2.31 after increasing RNAV estimate by 17 per cent to reflect improved outlook for Singapore office sector.
New target based on smaller 15 per cent discount to RNAV estimate vs 25 per cent previously.
Well, again really depends whther a double dip will happen. Europe, China etc...
freeman_5js ( Date: 02-Jul-2010 21:09) Posted:
5 yrs to reach 5?
no way
its too long.
even if it realli takes 5 yrs to reach $5
its not worth it ! so much oppty lost !
If tt market continue to recover tis counter is a holder. Strong counter wif strong growth prospect |
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5 yrs to reach 5?
no way
its too long.
even if it realli takes 5 yrs to reach $5
its not worth it ! so much oppty lost !
If tt market continue to recover tis counter is a holder. Strong counter wif strong growth prospect
I think when the analyst say target price is $5 they mean 12 months price target not 5 years.
Isolator ( Date: 30-Jun-2010 14:20) Posted:
How long to reach the target? 3 or 5 year?  |
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I think what he is trying to say is that the current price of $3.90 plus is equal to $8 pre-rights share price.
So he thinks it is at a peak now and we should sell. I am not sure if you can value the shares in this way. Can anybody give their inputs.
Personally I believe you should look at price to book value to judge if it is at peak price. The previous peak in 2007, it was trading at 3 times book value. Now I think it is trading at 1.5 times book value. So I think there is still more upside, given Kepland pipe line of projects such as the MBFC and the ecocity , it's book value should also rise, dragging it's stock up.
Any comments from anyone on the outlook. We are all scared at the moment right
E-war ( Date: 01-Jul-2010 20:46) Posted:
If 2007 peak was 8 dollars n now 3.88, logically got some upside potential isn't it?
Peg_li ( Date: 30-Jun-2010 23:46) Posted:
be careful this counter, count the right last year, this one current price
is quite high, equal 8 dollars near the 2007 peak!
had better sell this counter!
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If 2007 peak was 8 dollars n now 3.88, logically got some upside potential isn't it?
Peg_li ( Date: 30-Jun-2010 23:46) Posted:
be careful this counter, count the right last year, this one current price
is quite high, equal 8 dollars near the 2007 peak!
had better sell this counter!
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Some good news to property counters.
SINGAPORE: Prices of private homes rose a more moderate 5.2 per cent in the last quarter after rising 5.6 per cent in the first three months of the year.
Flash estimates released by the Urban Redevelopment Authority (URA) showed that prices of non-landed private residential properties increased by 5.1 per cent in the core central region, 4.5 per cent in the rest of the central region and 5.7 per cent in the outside central region in the quarter.
In comparison, for the first quarter of 2010, prices of non-landed private residential properties increased by 4.4 per cent in the core central region, 7.9 per cent in the rest of the central region and 4.3 per cent in the outside central region. - CNA/vm
be careful this counter, count the right last year, this one current price
is quite high, equal 8 dollars near the 2007 peak!
had better sell this counter!
Doubt will take that long but will defly require the economy to have a decent relatively long n stable upwards run for that to happen.
Good question.
Isolator ( Date: 30-Jun-2010 14:20) Posted:
| How long to reach the target? 3 or 5 year? |
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How long to reach the target? 3 or 5 year?
sUppOrt S$3.86
RESiSTANCE S$3.98
T A R G E T S$5.00
lowchia ( Date: 25-Jun-2010 22:08) Posted:
Today Kepland break out of its ascending triangle and closed at $3.95 with high volume of 13.1 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Both RSI & MACD are bullish as they perform a strong “uptick” today.
Important Resistance of Kepland: $3.98
Immediate Support of Kepland: $3.86
We do not like the candle stick with little upper shadow marked
today that proves the evidence of profit taking. Moreover the trading
volume for today is not really that impressive.
Do not encourage entry unless there is another breakout of
resistance at $3.98 on Monday. Thus we would suggest to buy near the
centre of the trend line if possible.
SEE ANALYSIS FOR ARMSTRONG
In fact, prepared to profit take if vested once the support at $3.86 is breached.
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Now is a good return even covering back at this price.... Opportunity is better than long long time holding. Just my feeling theory...
Long long time... opportunity cost will be gone...
I think you are wrong. Must keep for long long to fully capture asia's property potential. Unless you don't have holding power
Isolator ( Date: 28-Jun-2010 16:07) Posted:
| My feeling say it mean time to clear stock... |
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My feeling say it mean time to clear stock...
Extract from Edge magazine.
Office property stocks may also attract some interest. Keppel Land, a proxy to the office market — it has a one-third stake in Marina Bay Financial Centre — appears poised to clear the $3.80-$3.90 resistance level successfully. The breakout — the counter last traded at $3.95 — indicates a target of $5.00.
Woohoo, super strong today. Congrats to all vested.
