SPDR Gold Shares (GLD): Testing Support before Going Higher

SPDR Gold Shares (GLD) is currently retracing back to find a Resistance Turned Support level at around $124-$125 (in red) before moving higher. This support zone also coincides with the uptrend channel  (in blue) support. If this support is broken, the next support at about $122 which the support of Ascending Trend line (in black) and also 50D SMA support. Technically GLD is still bullish and trading in an uptrend.

See previous post on Gold ETF (GLD) here.

GLD July23-3016

EC World REIT IPO Product Highlight Sheets and Time Table

EC World set to price Singapore REIT IPO near top of range – IFR

EC World Real Estate Investment Trust (REIT) is set to price its initial public offering in Singapore near the top end of its indicative range to raise about S$346 million ($255 million), IFR reported, citing a person close to the transaction

The REIT, backed by a portfolio of properties in Hangzhou, China, will be selling 427.6 million units in the IPO, Thomson Reuters publication IFR reported on Wednesday.

The units are to be priced at S$0.81 apiece, compared with their indicative range of S$0.76-S$0.82, IFR said. Units of the REIT, sponsored by Shanghai-based Forchn Holdings Group, will be listed on July 28, IFR added.

An external spokesman for EC World declined to comment.

($1 = 1.3547 Singapore dollars) (Reporting by S. Anuradha of IFR; Additional reporting and writing by Aradhana Aravindan; Editing by Kenneth Maxwell)

EC World Product Highlights Sheet

EC World REIT IPO Offering Price July 21-2016 EC World REIT IPO Offering Price DPU July 21-2016EC World REIT IPO Offering Price Sponsor July 21-2016 EC World REIT IPO Offering Price Time Table July 21-2016

Compare EC World REIT with other Singapore REITs here.

Singapore REIT Stock Shortlisting Bubble Charts July 2016

Bubble chart derived from July 3, 2016 Singapore REITs Fundamental Comparison Table. Compare to previous Singapore REIT Bubble Chart; small cap, high yield and undervalue REIT like SoilBuild, Croesus, VIVA, LippoMalls and Cache, are clustered together.

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.

How to use this Singapore REIT Bubble Charts?

Singapore REIT Bubble Chart (Value) July16-2016Singapore REIT Bubble Chart (Risk) July16-2016