FIRST REIT is currently trading on up trend (Above all 3 Moving Averages and Trending up). So far 20D SMA has been providing a good support. So far $1.20 is the resistance after failing to break for past 2 times –> Mini Double Tops.
Price / NAV = 1.2256 @ Price = $1.18 with 6.3% Yield.
Note: FIRST REIT is not under value but still in the lower range of Price/NAV.
See previous analysis on FIRST REIT.
Capitaland rebounded from the 200D SMA support with confirmation after a hammer formation.
Capitaland is currently on an uptrend. Immediate resistance at $3.13 followed by $3.26.
See last post on the Property Sector Trend – FTSE ST Real Estate Index.
These Bubble Charts are used to show the “relative” position compare to other Singapore REITs.
Note: NOT all the REITs have the same risk although they have very attractive distribution yield. High Distribution Yield does NOT mean it is safe. Vice versa, Low Distribution Yield does NOT mean the investment is no good. Investors must KNOW the risks involved when investing in Singapore REITs.
Two visual bubble charts to pick and avoid:
See Last Singapore REIT Bubble Charts here.
See detail Singapore REITs Fundamental Comparison Table here.
Disclaimer: This is NOT a recommendation to buy or sell. The author does not guarantee the accuracy of the data and NOT responsible to any wrong interpretation by the readers. .