Likely to see another bullish bar follow through tomorrow!
With US cutting interest rate of 0.5 % reit may get boosted again!
Let's see how it fares tomorrow!
I think likely to retest $2.40 then $2.50 level.
Pls dyodd.
Looks like it has been corrected from 2.66 to touch the low of 2.42 last Friday, looks rather interesting!
It has come back to the nice accumulation area for a bounce again to take it higher!
The merger of CCT and CMT would likely create the next Biggest commercial and retail reit counter in Singapore, looks rather positive!
I have taken this opportunity to re-enter a small sample and would like to participate in this merger exercise to reap the future rewards!
Short term wise, I think it may likely retest the pivot low of 2.39 and may likely see a rebound from here and rises higher to $2.52 then 2.58 & above.
Yield is of 5.03% at $2.45 base on the estimated dpu of 12.34 cents.
Not a call to buy or sell. Pls dyodd.
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