KDC Reit - Yesterday another long and wide bearish candlestick doesnt look good!

 Yesterday,  it has broken down the support at 1.90 and went further down to test 1.79 before closing at 1.82. The volume is high indicating there are more seller than buyers.

Short term wise,  if 1.80 cannot hold, next, we may see her going down tobtest 1.75 than 1.70 with extension to 1.59.

At 1.81, yield is about 5.46%. At least it is closing up the different in yield with most of the index reit  

Pls dyodd.

Indeed,  she has broken down the support at 1.98 after the 3rd quarter results released! I think market in not in favor of this set if financial numbers judging from the selling off down 11 cents to close at 1.90.

NAV is 1.39.

P/B is 1.44.

If the support at 1.89 cannot hold,  she mat likely go down to test 1.80 than 1.75 with extension to 1.60.

Pls dyodd.

DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago. 

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9MFY2023 of 7.543 cents is lowered than last year DPU of 7.634 cents. 

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For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.

Yield is about 5% at 1.99.

I think a good pivot point might be at 1.81 about 5.5% yield! 

Chart wise, bearish mode! 

Immediate support is at 1.98.

Next support is at 1.90-1.91.

If 1.90 cannot hold,  we may likely see her going down to revisit 1.80 than 1.75.

Not a call to buy or sell!

Pls dyodd.