Malaysia's REITS follow-up

Its been a while since I follow-up on REITS. Those who have been following my blogs, knows that I'm holding some SunReit , IGBReit & CMMT. Since 26/Jun/2013, the reits have confirmed started going downtrend. Well, since I have been buying REITS as my long term investment, I didnt pay much attention on them in terms of their charts. When I say long term, I meant around 3~5 years. Well, as long as their fundamentals are intact, there is no point to do anything since I buying as a dividend play stock.

I plot a REITS index from selected 5 big REITS (IGBREIT, SUNREIT, CMMT, PAVREIT & AXREIT). One can see, there are still in a short term downtrend, and next 2 weeks will be critical in order for them not to fall into a medium term downtrend.

Lets see, after raya, how they goes. If they rebound as per my target, I may do
a swap IGBREIt into CMMT or SunReit to reduce my diversification (or some expert say diworsification, haha). I want to spend lesser time so I cound be more focus.

If they goes down further, I would do some dollar cost averaging, this will help bring down my average price.
I wont cut loss on my Value Invest Long Term Stocks, as there are not much fundamental change on these stocks. So, I have to stay tune and brave thru the downtrend.

As always caveat emptor.
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20Dec2012 -REITS review

Well, tomorrow will be Doomsday .....21Dec2012 according to the Mayan Calender. We are 1.5 hours away for this date, and time is ticking. Hmm....not many believe this but more people is believing there will be a blackout for 3 days, the effect of this day. Well, if tomorrow is the last day, I still got a lot of things in my life that I haven't try or enjoy, haha. No choice, tomorrow still got to work.

Lets see, CMMT have been going short term down trend for 7 weeks, and today seems like a rebound and broke the immediate downtrend line with some volume. Seeing the bullish divergence show by MACD histo, she strongly indicates that she will climb to her 1st resistance. This resistance is quite a strong one, she really need a good volume especially those big fish to push her through before she able to re-challenge her previous intraday high of 1.98.

Lets see how she goes. Btw today is an up day for Sunreit and IGBReits also. Sunreit broke out from her Symmetrical triangle with a good volume. Stochastic still climbing (Smooth %D yet to touch overbought). MACD histo turn Green. MACD has bullish crossover the centre line.

For IGBReit, nothing much exciting. The only positive thing is 5MA has stayed above 20MA. When you compare this reit with the two above, she really disappoint in terms of performance since her IPO launch. Lets see, she will show some strength in coming weeks. I believe if she able to break 1.35 convincingly with good volume, she will propel with a "V" shape as like those good Fundamentals IPOs. Time will tell.

CMMT target achieved !

Last week on Monday when she broke 1.80, she closes at 1.81 but with low volume, then I thought the
signal that I have mentioned on 13Oct will not turn true so quickly. Indeed she took around 1.5 week to
acheived my target of 1.93 and even high at 1.98 near my 2nd profit target of RM2. From my purchase
price of RM1.60 to RM1.93 is a 20% profit for a 3 months time frame. Hmmm...after seeing the time
frame, some may think is too long for them. For my standard,  VI timeframe is expected to be longer, from 1  week to ?(I yet to decide). I used to keep some stock for more than 5 years but since I've learn TA especially trend trading, I do not have the patience for 5 years. Err...maybe Sunreit I would keep this long, lets see. For MP will be 3 days ~ 6 week play.

Well, what a momentum on the last hour :)

CMMT-Interesting technical set-up

Monday~Tuesday 15!16 /Oct is crucial to CMMT in TA terms.

On Friday, 12Oct, she shows a few of interesting signal :

1) reached resistance 1.80 with good VOLUME (touch for the 3rd time)

2) at this 1.80 resistance for the 3rd time is like previous 1.64 resistance, which was broken on the 3rd time.

3) and MACD is on the verge of bullish crossing.

4) this is also a Ascending triangle pattern, once break, the projected target would be RM2.

Well, I have been planning to clear my remaining qty in Aug around 1.85~1.89 if she reach in 1~2 weeks time. Well, time flies, she did not manage to reach my target within my time frame, so I have kept and change my strategy to VI.

So, next week this question will pose to myself again, should I sell at 1.89,1.93 or 2.00.  Let see how the candlestick & volume during the next week and I will make a decision on this.

If really follow FA, here is a few TP by investment house.

Analyse date	TP	Rec	Investment House
9/10/2012	1.80	HOLD	KENANGA
13/09/2012	2.20	BUY	HWANGDBS
23/07/2012	1.69	HOLD	RHB
23/07/2012	1.62	HOLD	MAYBANK
23/07/2012	1.53	HOLD	HLG
23/07/2012	1.80	BUY	CIMB
23/07/2012	1.86	HOLD	AMMB

CMMT & Sunreit follow up

When I mention about them on 3 Sept http://reiccs.blogspot.com/2012/09/cmmt-sunreit-rebound.html , both of them did a small dip, well this minor dip, one have to factor into an investment plan. And today CMMT took the lead and hit  the 1st resistance 1.80 today and close +5.29% while Sunreit try to catch up from behind (a gap up of 3 sen during the matching time 4.50pm, but volume is not as convincing as CMMT). Wow, what a run for a REITS stocks in such a bad day for FBMKLCI (-19+ around 11am, but recovered back to -6.80). Market breadth was negative with 199 gainers as compared to 604 losers. Lets see, she able to break the resistance convincingly or still need to retrace for a while before going up. Will history repeat for CMMT ? See the yellow shadows and the sketch arrow.

CMMT & SUNREIT rebound !

Technically both of them shows a buy signal .
Will CMMT reach her broke through her 1.80 resistance & reach 1.89 ?
What about Sunreit , will she stay above 1.54 and challenge 1.61 again ?
Well, since both of these stock is my mid to long term investment, and now both of them is still uptrending, reaching both of these targets is a matter of time. Remember both of this Reit moves slowly but surely.
The recent IPO (IGBREIT) may put REITS as a theme play.
Lets see how the listing of IGBREIT will affect them.
I also apply on the IGBREIT, as many analyst give at least a 10% upside, so I join in the wagon, can save a bit on brokerage if selected.

CMMT follow up - 9% in 3 weeks+

On 9/July I mentioned on CMMT being a good investment stock and also a good trading stock due to her volatility compared to Sunreits. I got in at 1.60 after my posting, so after taking into consideration of dividend 4.2 sen paid, my entry price is adjusted to 1.56. I took profit for half of my position at 1.70, with a 9% gain in less than 1 month which I think is a good short to medium term trade. I decided to keep my other half position, still aiming for next resistance a t 1.89 to offload her. I decided not to keep her if she able to climb till 1.85 in less than one week time.

CMMT -Another Good REIT to consider !

You see that I have been keep Sunreit for nearly a year. She has been trending up since the day she launch. A bit boring stock but good for long term investor.

Another REIT that worth mentioning here is CMMT. She also has been trending up since she was launched but this one I miss to purchase as during that time I just decided to pick one for a long term investment. Then after on and off, I do have a peek on her. She is more volatile in daily terms. So, I think now is a good time for me to purchase some. I realise in these 2 days there are some big fish (5000 lots each time and high buy rate) eating her up till 1.67~1.69 but due to no follow up buy queue to support the medium fish seller, the price went back down to where she is at the opening bell. If the big fish still have more budget buying in then I believe all the medium fish will be drained off in a matter of time and the price will eventually go up, at least back to 1.75. So, lets see how she goes. For CMMT, I believe even short term play is also viable.