CapitaComm Trust

After hitting the high of 2.31, it has finally retraced lower to touch 2.13 and close a bit higher at 2.17 ,looks rather bearish!


It has just released it's quarter result today with DPU slightly increased from 2.19 to 2.2 cents.

I think market doesn't really react positively to this financial result as price has weaken 1 pip from yesterday closing price of 2.18.


It may go down to retest 2.13 the recent low. Breaking down would be rather bearish and may set the tone for further sliding down to 2.05 then 1.99 level.

Pls dyodd.

4th July 2019
Chart wise, it had a very good running up from $1.90 to $2.26 level seems overly extended.
I think high chance it may pull back or reverse !

NAV is $1.815.
DPU of 8.7 cents.
Yield is 3.84%

For investing wise, it is getting overpriced and trading at super premium price.
It has failed my selection criteria for Reits investing that is yielding below 5.5% and having a Price/Book value of 1.245 . Ideally,would prefer to be below P/B of 1 or 0.9x .

When recession set in, I think rental revenue may drop and the yield may be even lower.

Trading wise, I am waiting for the reversal trend to be triggered anytime soon !
This is looking juicy for a shorting candidate!

Not a call to sell or buy.

Pls dyodd.