Category Archives: Funds

Frasers Centrepoint Trust ($2.25) — Maturing uptrend

Posted on 23 Apr 2013 | Comments Off on Frasers Centrepoint Trust ($2.25) — Maturing uptrend

The uptrend is intact and prices have just broken out of a minor resistance at $2.18, setting a target of $2.40. Short- and medium-term indicators are rising. Quarterly momentum has just broken above a resistance and is advancing.

Five-day stochastics and 21-day RSI are also rising. Prices have gained 12.8% this year, and have been on an uptrend that has been accelerating since 1Q2012. The upturn started in 2009 and prices have quadrupled since, suggesting that the largest gains are over.

Source : The Edge – 23 Apr 2013

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Frasers Commercial Trust

Posted on 23 Apr 2013 | Comments Off on Frasers Commercial Trust

Fraser & Neave (F99.SG) drops 10.9% to $8.02, extending Monday’s 4.7% drop. “There’s uncertainty on the strategy going forward, but more importantly is the passive shareholder that has to get out,” says Jonathan Foster, director of special situations for Religare Capital. “They will be removed from the MSCI index tomorrow night; there’s going to be quite a lot of index selling.” He also notes there simply aren’t many F&N shares left to trade. With slightly more than 90% of shareholders selling out after TCC Assets’ $9.55/share takeover bid, the remaining holders were either passive or index funds or small retail investors, he notes; “that’s where all the selling is.”

Source : The Edge – 23 Apr 2013

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