Golden Agri Resources is currently consolidating in a Ascending Triangle. Target price $0.675 (161.8% FR and also the breakout price target of Ascending Triangle) if Golden Agri Resources breakout from this Triangle. Fibonacci Fan is providing a good support so far.
Citigroup is forming A Triple Tops and Ascending Triangle.
Chart from thinkorswim, open an account to get FREE chart here. Original post by Marubozu.
Lippo Malls Indo Retail Trust (LMIR) broke out from Ascending Triangle with huge volumn after reporting 30% increase in DPU compare to the same quarter in the previous year. The price target of this breakout is about $0.60. The stock is currently on clear uptrend and 5% undervalue to NAV of $0.57. Current price is $0.535.
Fundamental Data (From 1Q, 2013 Earning Result Presentation)
- NAV = $0.57
- DPU (1Q, 2012) = 0.63 cents
- DPU (1Q, 2013) = 0.89 cents (+30%)
- Distribution Yield (Annualised) = 6.9% (base on $0.515)
- Gearing Ratio = 24.3%
- Lease Expiry: More than 70% expire beyond 2015.
Fundamentally LMIR is undervalue and have very good prospect of further increase in DPU base on their growth strategy (S$4 Billion portfolio in 3-5 years) with low gearing ratio. Technically LMIR is on clear uptrend.
See comparison table of other Singapore REIT.
Past analysis on Lippo Mall Indonesia Retail Trust which posted one year ago.