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Thursday, October 22, 2020

Suntec Reit

 3rd quarter dpu of 1.848 cents is much higher than last quarter of 1.5 cents, looks rather positive!



Chart wise, looks like she is moving up to retest $1.50 again! A nice breakout smoothly plus good volume that may likely drive the price higher towards $1.60 & above.



Pls dyodd.


 Chart wise, she is trading at the Support level hopefully can bounce off higher from the current price level!




Shrort term wise, either a breakdown or a technical rebound from the current price level. 

NAV $2+. They keep expanding and adding new property seem likely to boost their NPI and DPU.

Current price of 1.43 looks rather undervalued.


Not a call to buy or sell.

Pls dyodd.

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