CMT

Two bullish bars appeared on the chart, looks rather positive!
Likely to see another bullish bar follow through tomorrow!

With US cutting interest rate of 0.5 % reit may get boosted again!


Let's see how it fares tomorrow!

I think likely to retest $2.40 then $2.50 level.

Pls dyodd.

Looks like it has been corrected from 2.66 to touch the low of 2.42 last Friday, looks rather interesting!


 It has come back to the nice accumulation area for a bounce again to take it higher!

 The merger of CCT and CMT would likely create the next Biggest commercial and retail reit counter in Singapore, looks rather positive!


 I have taken this opportunity to re-enter a small sample and would like to participate in this merger exercise to reap the future rewards!

 Short term wise, I think it may likely retest the pivot low of 2.39 and may likely see a rebound from here and rises higher to $2.52 then 2.58 & above.


 Yield is of 5.03% at $2.45 base on the estimated dpu of 12.34 cents.


Not a call to buy or sell. Pls dyodd.

DJI

Last Friday we had an interesting sessions whereby the DOW Jones index was beaten down another 1000+ points but Bull has mange to fight back and close slightly down by 350 points, looks rather positive!

A bullish Pin bar coupled with High volume this is rather positive!

I think Monday market will let us know if she is going to rebound or continue to go further Down!


Over the weekend mArket is still being clouded with the negative sentiment not sure how this is going to pans out for the Monday  session!



Let's monitor before making the next course of action!

Pls dyodd.

MapleTree Comm Tr

Last Friday, we had witnessed the Gap down scenario and went lower to touch $2.04 before Bull pushed it back to close at $2.10.
Looks pretty encouraging! We may need to monitor to see how this pent out for the next few days!

If it is able to rebound from here and rises higher to reverse this down trend or continue to be under  selling down pressure whereby $2.04 has been broken down that would be rather Bearish. 

Short term wise, I think is good to monitor and wait for market clarity/direction.


A breaking down of the recent low of $2.04 may smell trouble and might see the price sliding down further towards 2.00 then 1.95 with extension to 1.90.. 

Pls dyodd.

TA wise, it has turned into bearish mode!

 At this rate of dropping, the price may go below $2.10 soon with we to $2.00.



Not a call to buy or sell. Pls dyodd.

DBS Group

I think we may likely see a rebound soon!
The price has fallen from 26.00 to 24.11 within a span of 1-2 weeks.

RSI & MACD has been driven to oversold territories.

At $24.11, yield is almost 5.47% which is pretty attractive!

I think market bear is giving value investor an opportunity to kio durians!

Not a call to buy or sell.

Pls dyodd.

ec wORLD rEIT

Result is out, Net profit is up !
EC WORLD REIT Delivers Net Property Income Growth of 17.4% year-on-year for 4QFY19.

DPU of 1.51 cents is down 3.8% versus last year 1.57 cents.

Gross revenue and net property income in RMB terms for 4QFY19 (after straight-line, security deposit accretion and other relevant distribution adjustments3) recorded doubledigit year-on-year growth of 17.4% and 19.5% to RMB134.5 million and RMB129.5 million respectively, attributed to the embedded rental escalations and income contribution from Fuzhou E-Commerce which was acquired in August 2019. As at 31 December 2019, ECW REIT portfolio comprises eight assets, of which seven are in Hangzhou and one in Wuhan (Wuhan Meiluote). Four out of the seven assets in Hangzhou are under master lease arrangements which provide for fixed rental with built-in escalation. There is no variable rental component under the master lease arrangements. Portfolio valuation grew 20.6% to RMB8,118 million largely due to Fuzhou E-Commerce which was acquired in August 2019. Excluding Fuzhou E-Commerce, portfolio valuation, on a like-for-like basis, would have increased 1.5% year-on-year.


After an extended Spring Festival break, ECW REIT’s assets, with the exception of Wuhan Meiluote, have received the necessary permits to restart operations.

The Manager has received notification from a tenant for the non-renewal of 24,929 sqm of space at Wuhan Meiluote in 2QFY20. Due to the COVID-19, Manager expects demand for space in Wuhan

to be muted. Wuhan Meiluote accounts for 1.6% of the REIT’s portfolio net property income in FY19. The Manager understands that several landlords in China have committed to certain rental rebates4,5 , and thus anticipates similar requests as its tenants switch its operations into full gear (albeit over a period of time). It will evaluate the request on a case-by-case basis and will keep the investing community duly informed of any material development.


While long-term fundamentals for the logistics sector in China remain attractive, short term volatility and disruption can be expected given the severity of control measures implemented in China. The Manager remains highly vigilant to any changes in situation and stands ready to respond promptly. - E

Straco

4th quarter result is out!
Net profit is down 71% to $1.74m.

A First and Final dividend of 2.5 cents is being declared.

Net cash of $173.6 million, 20.1 cents per share.



With the outbreak of the COVID-19 virus across China, and the measures taken by the Chinese authorities to contain the spread, the tourism industry is expected to be adversely affected. The Company had previously announced the closure of its three attractions in China, namely Shanghai Ocean Aquarium, Underwater World Xiamen and Lixing Cable Car since 25 January 2020, first on a voluntary basis and subsequently in conformance with the authorities’ directive to prevent the spread of the highly infectious COVID-19. Given that this outbreak continues to be an evolving development, there is a material uncertainty as to the duration and extent of the travel curbs imposed on travel, as well as closure of the Company’s attractions in China. Even after the curbs are lifted and the Company’s attractions reopens, it is uncertain as to when tourists and visitors to the Company’s attractions in China will reach pre-COVID-19 levels. In view of the foregoing factors, there is a material risk that the Group’s financial performance for the current financial year will be materially adversely affected.


 In addition, the suspension of ride operations of the Singapore Flyer since late November 2019 due to a minor technical issue involving a spoke cable is expected to also weigh on the performance of the subsidiary. Though the Company has in place insurance coverage for Property All Risk and Business Interruptions due to Machinery Breakdown, the amount of recoverable lost revenue will still be subject to an insurance claim.


Notwithstanding, the Company, having assessed its current financial position, and barring any unforeseen circumstances, is confident that it can ride over these events as aforesaid.