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Monday, December 3, 2018

Frasers Property

Chart wise, it has turned Bullish!
The current price of 1.66 is trading above it's SMA line which is rather positive and may likely continue to trend higher.

Nav of $2.52.
Dividend of 8.6 cents.
Yield of 5.2%, looks attractive.
PE below 7x.

Short term wise, I think it may likely move up to test 1.70 .
Crossing over 1.70 with ease + good volume that may drive the price higher towards 1.80 then 1.85 and above .

Not a call to buy or sell.

Pls dyodd.

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