Singapore REIT Stock Shortlisting Bubble Charts September 2016

Bubble chart derived from September 12, 2016 Singapore REITs Fundamental Comparison Table. There are no significant changes compare to previous Singapore REIT Bubble Chart. Those small cap Singapore REITs with > 8% distribution yield are SoilbuildBizReit (SV3U), Lippo Malls Indonesia Retail Trust (D5IU), Cambridge Ind Trust (J91U), Sabana Reit (M1GU), Cache Log Trust (K2LU), IREIT Global (UD1U) and Viva Ind Trust (T8B)

These Bubble Charts are used to show the “relative” position compare to other Singapore REITs.

Two visual bubble charts to pick and avoid:

  1. Undervalue Singapore REITs with High Distribution Yield** (Value Pick)
  2. Overvalue Singapore REITs with High Gearing Ratio (Risk Avoidance)


** Distribution Yield are lagging.

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Disclaimer: The analysis is for Author own use and NOT to be used as Buy / Sell recommendation. Get a proper training on “How to use this Singapore REIT Bubble Charts?” here.

Weekly Inter Market Analysis Sept 18-2016

See previous week Weekly Inter Market Analysis.

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SPY rebounded from the resistance turned support zone. SPY is still trading in a Rising Wedge pattern. Keep an eye on on key supports:

  • Resistance turned support zone: 211-213
  • Rising Wedge immediate support: about 210
  • Previous Head and Shoulders neckline support: about 204.
  • Rising Wedge next support: about 200




VIX retraces after last week 40% spike but expect volatility in the coming week as FOMC releases statement on Sept 21.vix-sept-18-2016


Sector Performance (SPDR Sector ETF)

  • Best Sectors: Technology (XLK), Utility (XLU) and Healthcare (XLV)
  • Worst Sector: Energy (XLE), Financial Services (XLFS) and Financial (XLF)
  • Note: Defensive sectors outperforms aggressive sectors. XLK outperforms due to Apple (AAPL) which has very high weighting of 14.22%.



SUDX (S&P US Dollar Futures Index)

SUDX is currently trading within a Symmetrical Triangle and likely to be trading in a tight range until a breakout. Wait for Yellen’s speech on the interest rate hike confirmation.


FXE (Currency Shares Euro ETF)

FXE is curently trading sideway and range bound. Wait for Yellen’s speech on the interest rate hike confirmation before we can see the next big move.


XLE (SPDR Energy Sector ETF)

XLE broke down from the uptrend channel. Next support to watch is 64.74. This support is quite strong as it has been tested for 5 times.



USO (United States Oil Fund)

USO is currently trading in a Symmetrical Triangle. Keep an eye on the next move when USO is trading closer to the apex of the triangle. Watch next Wednesday Sept 21 Crude Oil inventories report.



TLT (iShares 20+ Years Treasury Bond ETF)

TLT gapped down and broke the uptrend support. Next important resistance turned support at 132.49.

GLD (SPDR Gold Shares)

Gold is currently trading in a consolidation (Rectangle pattern) and still on uptrend.  Currently GLD is just sitting on an important resistance turned support at about 125. This support has been tested 3 times previously. Can this support hold? If this support is broken, there will be a trend reversal as it is a Triple Tops chart pattern breakdown.gld-sept-18-2016


Next Week Economic Calendar

Key event:

  • Japan Monetary Policy & BOJ press conference on Sept 20 Tuesday and Sept 21 Wednesday
  • FOMC statement on Sept 21 Wednesday
  • Crude oil inventories on Sept 21 Wednesday



Global Stock Market Indices PE Ratio At a Glance (17 Sept 2016)

Market Indices PE Ratio for Major Stock Exchange globally

  • US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000
  • Europe: FTSE100, CAC40, DAX
  • Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi
  • Best Performer: Hong Kong Hang Seng Index (HSI) up for 2.5% with PE Ratio of 12.52
  • Valuation of Global Stock Market is NOT cheap base on PE Ratio. Simple Average PE Ratio increases from 23.33 to 23.52 with most market with negative return for past month.


  •  PE  = Price Per Earning

See Aug-2016 Global Stock Market PE Ratio here.


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