Capitaland: Elliott Wave C Down?

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Could the recent rebound of Capitaland has ended and found the recent top at $3.85? If yes, it looks like Capitaland is trading in a Elliott Wave C now.

A few things to watch:

  • $3.66 is the recent support. It may be forming a Head and Shoulder with neckline at $3.66. 
  • $3.60 support.
  • 50D SMA support which use to be a reliable support base on recent pattern.
  • 200D SMA support.
  • $3.40 support (61.8% Fibonacci Retracement Level). Breaking this support will confirm the Wave C, also confirm the down trend for Capitaland.

2013May26-Capitaland-800x600

Key Statistics for CAPL

Current P/E Ratio (ttm) 15.7759
Estimated P/E(12/2013) 20.7955
Relative P/E vs. FSSTI 1.1373
Earnings Per Share (SGD) (ttm) 0.2320
Est. EPS (SGD) (12/2013) 0.1760
Est. PEG Ratio 0.4905
Market Cap (M SGD) 15,581.79
Shares Outstanding (M) 4,257.32
30 Day Average Volume 11,473,200
Price/Book (mrq) 1.0133
Price/Sale (ttm) 4.6834
Dividend Indicated Gross Yield 1.91%
Cash Dividend (SGD) 0.0700
Last Dividend 05/03/2013
5 Year Dividend Growth -10.84%
Next Earnings Announcement 08/01/2013
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Lippo Mall Indo Retail Trust Chart and Technical Analysis

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  • LMIR is just sitting on the uptrend line support level at about $0.53. This level is also the 50D SMA and also the previous resistance. Breaking this support may send LMIR to 200D SMA at about $0.49.
  • Resistance at $0.58.
  • Take note of the spike in selling volume.
  • Upside potential (to next resistance) = 9.4%
  • Downside risk (to next support) = 7.5%
  • If this support holds, may be good entry level to buy on dip because LMIR is still on uptrend, and fundamental is still undervalue base on NAV with good distribution yield.

LMIR May23-2013

 

LMIR Fundamental Analysis.

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Singapore REIT Sell Off! Should you Take Profit Now?

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Singapore REIT sold off on May 23, 2013 after Ben Bernanke’s speech on QE exit plan and shock contraction of China PMI. This caused Japan Nikkei plunged 7.3% in one day. Interestingly Singapore REITs also faced a wide sell off between 3-5% and this is very unusual because REITs are defensive in nature. It is time to really take a look at chart pattern and use technical analysis to exit the current portfolio. No if, No but, No need to hope and SAFETY first. Also bear in mind that the month of May is still not finished yet…. “Sell in May and Go Away?”

Note: Singapore REIT is over value at the moment.

See Singapore REIT Comparison table here.

Singapore REIT Sell Down May23-2013

Continue ReadingSingapore REIT Sell Off! Should you Take Profit Now?