Thursday, November 30, 2023

Lendlease Reit - Wah, Nice Breakout yesterday spotted on the chart plus volume is high looks like it may continue to trend higher! Testing 64 cents soon!

Chart wise,  bullish mode!

As can be seen on the chart, Bull is in control and closed well at 60.5 cents crossing over the resistance at 60 cents,  looks rather positive!

Short term wise,  I think likely to rise up to test 64 cents than 65.5 and 68.5 cents.

Not a call to buy or sell!

Pls dyodd. 

Is getting interesting!

She needs a nice crossing over of 60 cents in order to rise up further towards 64 than 66 cents! 

Pls dyodd. 

Chart wise,  bullish mode!

It has rebounded nicely from the low of 49.5 cents and closed well at 57.5 cents looks rather bullish!

Short term wise,  I think likely to rise up to reclaim 59.5-60 cents and rises higher to revisit 64 cents than 66 cents!

Please dyodd.

3rd quarter results update. 

No financial numbers is being mentioned on the update!

Mainly saying occupancy is the same as last quarter 99.9%. ICR 3.9% seem not bad! 

Gearing has edged up to 40.6%. I think financial costs may increase again! 

Pls dyodd. 

Chart wise, it has managed to bounce-off from 49 cents to close at 55.5 cents seems rather positive! 

Immediate resistance is at 57 cents. 

let's see how market react tomorrow!

 Chart wise,  bearish mode!

No sign of reversal!

How far it will go lower is a guessing number! 

I think is good to stay cautious!

Please dyodd.

 Is this a value trap or golden opportunity? 

I think I am gearing more towards extra cautious mode! 

The market is weak and all waiting for Fed meeting in September whether will there be another hike or postpone till November. 

NAV 0.787. Yearly dividend is about 4.7 cents.  Yield is about 8.4%.

The current high interest rates environment is likely increase their operation costs and thereby eating into their distribution income and lower the dpu payout.

Chart wise, looks like the same scenario may play out like Ireit chart patterns. 

short term wise, it may go down to revisit 50 cents.

Please dyodd.

Quote: citi analyst - LREIT’s gearing for the 4QFY2023 ended June 30 stood at 40.6%, which is its highest level since it listed on October 2019.
“We estimate a higher look-through (including $0.4 billion [in] perpetual securities (perps) and debt at Parkway Parade Partnership’s level) gearing of 50.5%, which ranks highest among S-REITs under our coverage (average 40.1%),” Lee writes. Is good to be extra cautious!

The manager of Lendlease Global Commercial REIT (“Lendlease Global REIT”), announced today that it has successfully completed its Initial Public Offering (“IPO”) of 387,474,987 units in Lendlease Global REIT (“Units”) at S$0.88 each (“Offering Price”), in connection with the proposed listing.

IPO price at 0.88 I think likely a history! 

Those got it at IPO is still loosing money even with dividend collected.

Pls dyodd.

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ComfortDelGro - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78. Pls dyodd.

   ComfortDelGro  - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78.  Th...