Close with a topping tail candlestick seems like fund has managed to offload some of their gains!
I think we may see some selling down pressure!
It might be good to monitor and wait for clearer picture.
Pls dyodd.
Chart wise, it has a temporary rebound from the low of 53 cents to close higher at 62 cents, looks quite positive!
The major resistance is at 65 cents level.
A nice breakout plus high volume that may likely drive the price higher towards 70 then 72.5 cents with extension to 80 cents level.
Chongqing and Bishan outlet malls were reopened on 15 March 2020. Sasseur REIT resumes full operations with the reopening of all four outlet malls.Kunming outlet mall was reopened on 11 Mar 2020 and Hefei outlet mall was reopened on 13th Mar 2020.
All outlet malls are back in operations. Looks like we may see 1-2 quarters of disruption of their rental income/ dpu distribution .
NAV of 89 cents.
Not sure what would be the impact for First quarter dpu( Jan - Mar) and Second quarter dpu( April - June). Last year total DPU of 6.53 cents that would translate a dividend yield of 10.5 % based on current price of 62 cents. Given the fact that the 4 outlet malls were close in Jan, DPU for First quarter 2020 would be badly affected. We may see nil or zero DPU for first quarter. 2nd quarter DPu may be much lower as compared to last year .. Same for 3rd and 4th quarter. Estimated yearly DPU for 2020 might be 3 cents that would translate to a dividend yield of 4.83% based on current price of 62 cents.
Not a call to buy or sell.
Pls dyodd.
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