Frasers CPT Tr

Another follow through session today of selling down ,down 11 cents at $1.70 level looks seemingly oversold.

As market is clouded with bearish mode, low can go even lower.

Looking at the chart, looks like of $1.70 level fails to hold then it may slide further down toward $1.60 then $1.47 .


Pls dyodd.


2nd April 2020
Chart wise, looks super bearish! Please mind the gap!


Today the selling down seem abnormal plus super high volume,down 31 cents to $1.79 looks rather negative!

 Short term wise, think we may see a temporary rebound soon especially with this kind of drastic selling down. If $1.75 the recent pivot low cannot hold then it may continue to dive further down towards $1.70 then $1.60.


I think with the current market situation, many stall owner would be asking for lower rental rate plus longer credit term.


I guess things may get ugly before we see any progress in dealing with current market saga.

NAV of $2.21. DPU may get lower.
Trading below its NAV seems interesting.


Not a call to buy or sell. Pls dyodd.