Capitaland – Where To Now?

Capitaland – Where To Now? capitaland

Capitaland a property stock has been testing the short term downtrend that we drew a few times and can’t seem to break out from it yet.

If it fails to break we might see it head down towards 3.45 and if that horizontal support breaks then we might eventually see 3.39.

If it breaks above the downtrend line then Capitaland might face a few hurdle to cross . One of which is the  50 days moving average and the other uptrend line we drew.  So a stop loss above 3.58 can be placed.

Yours

Humbly

Kelwin&Roy

 

Wheelock Properties – First Target Met

wheelock

Wheelock Properties has reached our first resistance of 1.935 since we blogged on it last Tuesday . It broke its resistance of 1.895 and move up to 1.935. We would take some profit at 1.935 and hold some to see if it can break 1.935 to test 1.98.

Trading plan is important as we have talked about many times in our post. Using simple support resistance and support lines helps to guide our profit taking and stop loss.

Do contact us if you want to know more about having a trade plan and using trend lines to help sharpen your trading.

Yours

Humbly

Kelwin&Roy

Wing Tai – Flying High On Rumors?

Wing Tai – Flying High On Rumors?WingTai

Wing Tai was a property related stock which we brought to your attention just on Tuesday along side with Wheelock during our post. It had a nice run up of about 3.5% today which is very decent.

Whats the reason for that? Could it be the disposal of Winnanmax Investment to Xu Chang Co which was out on Tuesday?

Or could it be rumors of privatisation?? Either way lets look at the chart and play accordingly.

On Tuesday we mentioned to turn your attention to Wing Tai too as rumors could be going around for it to be privatize. The horizontal resistance of 1.945 was then broken on that day which was an entry point. It wasn’t the best closing on Tuesday but on Wednesday it did show some signs of recovery which eventually led to the nice movement today. Our next target might be 2.08.

If you were unsure of how to enter Wing Tai do CONTACT US and we’ll be happy to guide you along.

Yours

Humbly

Kelwin&Roy

 

Wheelock Properties – A Potential Candidate For Privatisation?

Wheelock Properties – A Potential Candidate For Privatisation? wheelock

Wheelock Properties was covered in Phillip Capital research report of being a potential candidate for privatisation and more can be read here.

With rumors of privatisation let’s look at the chart and see how we can play to this rumor .

Wing tai could be another privatisation counter. So do take a look at it too.

For wheelock Properties its horizontal resistance is  at 1.895 and breaking above that might see it move higher to 1.935. 1.98 would be the swing high.

Some might say that the price is very high now so do ensure you got your proper stop loss in place. Managing your stop loss is of utmost importance.

A stop loss could be placed at 1.825. Remember trade management is key.

Yours

Humbly

Kelwin&Roy

Property Cooling Measures Tweaked – What Shall We Do Next?

Property Cooling Measures Tweaked – What Shall We Do Next?

On Friday just before noon, Singapore government announced some targeted tweaks to the property market cooling measures.

These are some of the main ones:

A reduction of existing  Seller’s Stamp Duty (SSD) rates for residential properties

  • Changes will see the SSD holding period cut from four years to three years
  • SSD rates will also be lowered by four percentage points for each tier
  • The rates apply to all homes bought on or after March 11

Current framework for the Total Debt Servicing Ratio (TDSR) will be relaxed. The 60% TDSR threshold will no longer apply to mortgage equity withdrawal loans with loan-tovalue ratios of 50% and below.

A new stamp Duty called the Additional Conveyance Duties (ACD) was introduced.

More of the tweaked cooling measures can be read here .

When the news was announced , you can just imagine what happened to our property counters in Singapore.

The FTSE ST Real Estate Holding and Development Index was up 2.5 per cent to 827.74 at 1.50pm.

CapitaLand jumped as much as 6.2 per cent to a high of S$3.79 each before closing at S$3.70, or a 3.6 per cent gain on the day.

City Developments shares soared to a high of S$10.59, or a 10.2 per cent rise, before ending with a 5.6 per cent gain at S$10.15.

Wing Tai was up 8.8 per cent to S$1.96 before closing at $1.935

It was a crazy afternoon instead and if you chased property counters immediately you would have some decent returns . We’ll just cover some counters over here and see how it plays out on monday.  News is out and now people are taking time to understand how much impact would this easing really be and could there be more easing coming along? Has the market overreacted on friday?  Did our property counters run before even the news came out?

We’ll take a look at a few charts and let you decide.

Capitaland 

cland

Capitaland resistance can be seen at 3.69-3.71 . If that breaks we could see potential upside to 3.90 . The swings could be wild as traders might be taking profit for those who bought earlier. Support or stop loss : 3.66 or 3.52

Wing Tai 

Wingtai

Wing tai surged a lot too and reached resistance too. Resistance at 1.935 then 1.96. If those break we might see $2 or even $2.06. The support would be 1.86 or the resistance turn support of 1.935. Always remember your stop loss.

Chip Eng Seng

CES

Chip Eng Seng closed above its previous day high of 0.745. If it manage to stay above that next potential target could be 0.765 then 0.78. The support is at 0.73.

Guocoland 

Guoc

Guocoland at least managed to break above it’s mid term downtrend line but couldn’t close above it horizontal resistance of 1.90. A close above that might see it move to 1.945 and if momentum continues could see it cover gap to 1.985. Support or stop loss would be 1.865.

Do remember your risk and comfort level in chasing or even shorting on monday. For those who prefer a little less volatility you could wait for the dust to settle before deciding on a direction .

Yours

Humbly

Kelwin&Roy