CAPITALAND Investments (9C1) - BUY!BUY: $2.8 - $2.95
TP:
$3.44
$3.68
CapitaLand Investment will be a major beneficiary of lower rates from income growth for its REIT holdings and enabling accretive fee transactions. Another positive is the massive re-rating of China following the recent monetary stimulus by the central bank and support by the Politburo will benefit the economy indirectly. Similar to the Fed’s quantitative easing, it will be the wealth effect of higher equity and bond prices that boosts confidence and spending. It also encourages borrowing as households and private enterprises are deleveraging despite the record-low interest rates.
Personally. I am buying and holding for my long term dividends portfolio.
Sgstocks
STI in trouble... seriously.The Straits Times Index (STI) rallied so hard at the beginning of 2021, only to sputter out, failing to break over 3000 , clocked a Lower High, and today, a Lower Low. The past two weeks have been under a Sell signal too.
It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down below the 55EMA; wait till end of day.
The RPM and MACD indicators are clearly bearish.
Look's like the early January rally will be erased... as downside target is at 2800.
OLAM (4/1/18)1.92 very very important support zone
2.13 first resistance
Very low risk entry if price could go to 1.92 for a good long trade
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