KepCorp: Short Term Bearish

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KepCorp rejected at the support turned resistance (uptrend line started from Dec 2011 & horizontal line at about 61.8% FR level) with a bearish closing Marubozu candle after Bearish Engulfing candles. KepCorp may be forming a Head and Shoulder pattern and reverse to a bearish trend.

Critical Support at $10.94 (50% FR & previous resistance turned support).

Critical Resistance at about $11.17-$11.22.

2014Jan5-KepCorp-800x600

Original post by Marubozu @ My Stocks Investing Journey.

Current P/E Ratio (ttm) 11.1640
Estimated P/E(12/2013) 13.1310
Relative P/E vs. FSSTI 0.8368
Earnings Per Share (SGD) (ttm) 0.9880
Est. EPS (SGD) (12/2013) 0.8400
Est. PEG Ratio –
Market Cap (M SGD) 19,941.65
Shares Outstanding (M) 1,807.95
30 Day Average Volume 3,092,467
Price/Book (mrq) 2.2132
Price/Sale (ttm) 1.6876
Dividend Indicated Gross Yield 3.35%
Cash Dividend (SGD) 0.1000
Dividend Ex-Date 07/25/2013
5 Year Dividend Growth -10.02%
Next Earnings Announcement 01/24/2014

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Starhub: Formation of Right Shoulder

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Cautious! Starhub is forming the Right Shoulder of a Head & Shoulders reversal pattern after rejected at 200D SMA at about $4.30 (also the 61.8% FR). This level is also the previous Rising Wedge support turned resistance level to confirm the Rising Wedge breakout with price target of $3.90. $4.00 will be the critical support to watch as this is also the neckline of H&S, 38.2% FR and psychological round number support. Sit tight!

See previous technical analysis & fundamental data on Starhub here.

2014Jan3-StarHub-800x600

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Singapore REIT Fundamental Analysis Comparison Table – 2 Jan 2014

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT) Index changes from 693.59 to 714.92 compare to last post on Singapore REIT Fundamental Comparison Table on Dec 12, 2013. The index is trading below 200D SMA and technically bearish. The index will be facing resistance at about 730 during the recent rebound. Keep an eye on the Double Bottom formation on FTSE ST REIT Index Chart. This is a potential reversal pattern.

FTSE ST REIT Index Jan2-2014

Compare to last Singapore REIT comparison table:

  • Price/NAV increases from 0.9748 to 1.001.
  • Dividend Yield decreases from  6.50% to 6.34%.
  • Gearing Ratio remains at  33.34%.
  • In general, most Singapore REIT is at fair value now and the distribution yield is reasonable. However technically Singapore REIT is in the bearish territory and going to drop further if the 690 support (FTSE ST REIT Index Chart) is broken. So don’t be ignorant to think this is the time to buy REIT yet as the price can drop further.  The uncertainty in term of interest hike in near future remains high as Federal has started the QE tapering after a series of good economy data in US. Any hike in interest will affect the distribution income (reduction), NAV (value drops) and also the gearing ratio (increase) of the REIT. All of these will weaken the fundamental of the REIT and affect the REIT share price. If you are still holding REIT at the moment, you need to have a strong heart to handle the potential new drop in your REIT. Good Luck!

Singapore REIT NAV Gearing Distribution Yield Comparison Table 2-Jan-2014

 

Find out how do I conduct research on Singapore REIT, how I color code and interpret those financial ratio in the comparison table, and why am I NOT touching any REIT at the moment although some REITs are undervalue. Find out WHERE and HOW to read the FTSE ST Real Estate Investment Trust Index because timing is very critical in making any investment decision.  Check out my next public tutorial on  “How to pick Singapore REIT for Dividend Investing” .

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 2 Jan 2014