|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|1.55 ||1.56 || +0.01 (0.65%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|27/01/2016 ||1.525 ||1.51 ||-0.015 (0.98%) ||HOLD ||OCBC || |
|27/01/2016 ||1.525 ||1.66 ||+0.135 (8.85%) ||HOLD ||CIMB || |
|05/11/2015 ||1.655 ||1.50 ||-0.155 (9.37%) ||HOLD ||OCBC || |
|27/10/2015 ||1.705 ||1.58 ||-0.125 (7.33%) ||HOLD ||DBS Vickers || |
|23/10/2015 ||1.675 ||1.50 ||-0.175 (10.45%) ||HOLD ||OCBC || |
Be the first to like this. TomYam Suntec REIT – Will It End The Strong Rebound?
From the weekly chart, we can clearly see that Suntec REIT has been in a downtrend over the past two month.
Generally, it is relatively safe to sit on the short side. For the past two weeks, Suntec REIT rebounded strongly without any deep pullback. It will be relatively safe to short on rebound when bulls used up their energy.
Despite Suntec REIT went up yesterday, it was not able to hold at high end when the market closed. This indicates that sellers may start to control this stock for the next few days. One may consider shorting if it rebounds to around 50 percent Fibonacci retracement level.
steve84 TomYam- nice comment! Thanks
juzzdoo This is not for you to place your ads! Sell your elsewhere!
notlie Why suntec reit shot up today?
weiboy90 Suntec Reit will be included in the MSCI Singapore Index @ SiMSCI, replacing Olam International. effective date is on 26th Nov.
chezball This reit has done well for me but i think they are facing a lot of headwinds on the retail front. Do see my qualitaive assessment of this counter after I have attended the AGM.
Alvin So when can it back to 2 dollars :(
MirageHotelPD Despite all the headwinds, Suntec REIT managed to declare higher DPU of 2.75 which is 10% higher compare to same period last year. With NTA 2.06, This is real good opportunity to collect and wait for recovery time.