Trade Plan,
1st Target price @ S$1.28 (Net HVN)
Stop loss a@ S$1.13 (Below current HVN)
Risk/Reward Ratio: 2.75x
Technically,
Stock is displaying bullish character (rally on increase vol and consolidates on reduced vol). Thus we have expectations of the breakout to materialise. Next HVN level gives us a RR Ratio of 2.75x with stop below current HVN.
Fundamentally,
Beneficiary of a recovering China economy and entering into industrial and office space potentially gives the REIT an improved valuation against its industrial pty peers. P/B ratio at 0.71x, Div Yld 5.72%.
Company Background,
REIT with a professionally managed portfolio of quality retail real estate across China.
1st Target price @ S$1.28 (Net HVN)
Stop loss a@ S$1.13 (Below current HVN)
Risk/Reward Ratio: 2.75x
Technically,
Stock is displaying bullish character (rally on increase vol and consolidates on reduced vol). Thus we have expectations of the breakout to materialise. Next HVN level gives us a RR Ratio of 2.75x with stop below current HVN.
Fundamentally,
Beneficiary of a recovering China economy and entering into industrial and office space potentially gives the REIT an improved valuation against its industrial pty peers. P/B ratio at 0.71x, Div Yld 5.72%.
Company Background,
REIT with a professionally managed portfolio of quality retail real estate across China.
Trade closed: target reached
TP reached on 9 Oct
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.