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Sunday, June 21, 2009

Some indication of buying strength and weakness

Strong Positions:

Frasers Comm +4.3%

Mapletree Log +2.7%

K Reit +2.1%

The reason for Global investment's strength is probably due to the tax-exempt "$20 per 1000 shares" dividend, ex date on 1st july, which is around 10% yield at current prices

Frasers Commercial received offers from several banks to refinance the $500mil + due this decemeber 2009 (repayment successfully delayed from july 2009 to december 2009) But debt level similarly piles up. For now, they are ok..

Weak Positions:

SaizenReit -3.8%

Cambridge -2.9%

CapitaMall -2.9%

AscendasReit - 2.6%

CitySpring -2.4%

SuntecReit -2.2%

CapitaMall and SuntecReit have risen sharply. Profit Taking will ensue. Their debt positions are healthy.

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