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Went in too early last week at 1.43. Today 1.40. Hope to see 1.38 tomorrow.
In such an environment, no good px or bad px...only good money....KEEP IT!!!!!! Cheers!
What is the good price to enter? Mind to share?
Stupidbear ( Date: 13-Apr-2008 01:27) Posted:
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Yeah. Hoping to see 1.3+
Not something pleasant to see REITs, supposedly a stable counter with good div to move so much.
Observe. I'm still waiting for a good entry price for this counter.
Don't rush any buys.
Bought yesterday at 1.43. Probably lower some more next week. Will buy more.
Wait for another week and see..............
Quite alot of buying today.
Hi Bradical, the day will come very soon. Another BUY call from OCBC with the TP of S$2.18
Cheers !
It has crossed its 20day & touched its 50day MAs which I feel are good sign of recovery. Lets hope it crossed its 100day MA soon!
Finally rebounded from the bottom, but buying power seem not sustainable enough at the pre closing. Let see how it perform in next few days ...
Beside BNP, another heavyweight investment house - Citigroup has a BUY call for Suntec Reit with a Target Price of $2.07
Those stocks included into the MSCI Singapore Index surged. For eg - Wilmar. While those dropped, such as Suntec Reit and CSM, plunged.
IMHO, there is potentially a big conflict of interests between shareholders of SuntecReit and ARA asset management shareholders. I wonder how ARA as the Manager is going to lean on who to serve who. How to serve two masters without conflict of interests?
I'm an ex-shareholder of SuntecReit and would have been interested to re-consider buying this counter again if not for the above dilemma I would face if I invest in the Reit.
I wonder if enough existing shareholders of the Reit who are concerned enough about it might want to get a quorum to force an EGM to consider the suitability of having ARA to continue as the Reit Manager. At least, unit-holders concern could be addressed at the EGM.
Until then, I believe many people including BB are likely keeping away. FYI, one Hongkong billionaire had completely disposed of all SuntecReit units not long before ARA went to IPO. Could it be he too was concerned or just profit-taking.
Last mins (17:05) > 16,825,000 changed hand at $1.55 , before 17:05 the price was $1.63. Anyone know what happend ?
Yersterday BNP Paribas just issued a report with a BUY call and target price set at $2.39
The price has been down since XD, which is the norm, but it's a bit too much. Prices swing, very volatile and speculative. Just wondering if the listing of ARA has any effect on this counter.
more blood will shed today...hee....wondering if they are "VIRGIN"=newbies uncle/aunties blood? hee.....
Blood Shed!
ok ok..i will keep my mouth :X loh...oops..1.89!!
any1 contra DELONG?!?!? hurray !!
Appriciate the advise! Thanks guys!