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Thursday, October 1, 2020

CapitaR China trust


Finally, she is showing us a nice white soldier yesterday ,price gained 5 cents to close well at $1.16, looks rather positive!




The price has managed to claim back above its 20 days Moving Average,looks quite encouraging if it can overcome the hurdle at 50 days Moving Average!

A nice breakout of $1.20 coupled with high volume that may likely drive the price higher towards  $1.26 and above.

Pls dyodd.

 I think she has more or less found her support at $1.12 - $1.13.

Seem rather oversold and undervalued is appealing!




NAV $1.5+.

Yield is about 5.35%.

Gearing is below 35%. Strong sponsor, good manAgement.

I think we can only see this kind of price during bad time. When situation improve, I think she may rise bAck to normal trading range of $1.40-$1.55.



Not a call to buy or sell.

Pls dyodd.



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