Keppel DC Reit

It had a very impressive running up from 1.76 to a high of 2.13 after the announcement of the acquisition of the new acquisition.

Come Monday it is going ex-dividend of 1.81 cents and also XR for the Preferential offering for existing share holders.

The Private placement will be issued on 25th Sept 2019.

The Preferential Offering share will be issued on 15th October 2019.

TA wise, It has been overly extended as can be seen with a wide Green bar reflected on the chart.

I think short term wise, price would likely go lower towards 1.95 then 1.90 with further sliding down to 1.85 level.

The proposed equity fundraising comprises a private placement of 135 million new units in Keppel DC Reit at an issue price that is between S$1.703 and S$1.744 per unit, to raise gross proceeds of between S$229.9 million and S$235.4 million; as well as a preferential offering at an issue price of between S$1.67 and S$1.71 per unit, to raise between S$238.4 million and S$243.9 million.

Not a call to buy or sell.

Pls dyodd.