Singapore REITs index uptrend continued (Week closing 20 Jul 2018)

Singapore REITs market spent another week going up; short term uptrend continued.

Technically speaking

  • $FTSE ST Real Estate Investment Trusts(FSTAS8670.IN) close the week at 811.31 and is up for 4 weeks in a row in what looks like a V-shape recover on the weekly chart from the recent low of 773.04; a short term bullish trend.
  • Next resistance level at 820, support level at 800.

 

Possible action

  • Aggressive REITs investors might consider looking for entries from their shopping list if bullishness continues. But be prepared for volatility mainly cause by trade war concerns.
  • Tighten stops to protect profits for existing positions.
  • Prepare shopping list; Use https://app.yieldsavvy.com to identify the stronger REITs.
  • Singapore REITs earning season is now on! Sixteen REITs reporting in the coming week. Do pay attention to them if you’re holding or planning to buy any of them.

 

Week closing 20 Jul 2018

 

Want a comparison list of Singapore High-Yield REITs? Get it here.

 

Top 10 gainers this week

  • $StarhillGbl Reit(P40U.SI)
  • $Frasers HTrust(ACV.SI)
  • $CromwellReit EUR(CNNU.SI)
  • $Suntec Reit(T82U.SI)
  • $CapitaMall Trust(C38U.SI)
  • $Keppel Reit(K71U.SI)
  • $Kep-KBS Reit USD(CMOU.SI)
  • $Keppel DC Reit(AJBU.SI)
  • $Fortune Reit HKD(F25U.SI)
  • $Frasers Cpt Tr(J69U.SI)

 

Top 8 losers this week

  • $SoilbuildBizReit(SV3U.SI)
  • $Far East HTrust(Q5T.SI)
  • $Mapletree GCC Tr(RW0U.SI)
  • $Lippo Malls Tr(D5IU.SI)
  • $OUE Com Reit(TS0U.SI)
  • $Cache Log Trust(K2LU.SI)
  • $Frasers L&I Tr(BUOU.SI)
  • $SPHREIT(SK6U.SI)

 

Want a comparison list of Singapore High-Yield REITs? Get it here.

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