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Saturday, May 8, 2021

MCT, CICT, KDC, MLT, AR, CRCT, MIT

 Reit counter are trading at premium price that is yielding less than the norm of 6% for Retail sector. Less than 6.5% for Industrial and Logistics sector . Less thAn 5% for pure data centre.. 

I think be prepared for any adjustment to bring the price back to fundamental price.. 

What goes up will come down eventually!

Not a call to buy or sell.

Pls dyodd.

 TA wise, Bearish mode!

Likely to see further weakness!




Saw news More measure is curbing the traffic crowd.

Gym to be closed.

Office capacity to go back to 50% ratio.

Group meeting restricting to 5.

Out door activities not more than 30 0person.

Short term wise, I think likely to go down to retest $2.09. A breaking down of $2.09 plus high volume that may likely drive the price lower towards $2.05 then $1.98.



Not a call to buy or sell.

Pls dyodd.



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