📈 Technically, Singapore REITs sector is consolidating at an important support level of FTSE ST REIT Index and trading close to the level during the COVID crash in Mar 2020. At the same time, the REIT index is forming an Inverted Head and Shoulders, a potential trend reversal pattern, with 200D SMA as neckline resistance. 🔥 Total Market Cap = S$86.45Billion ( ⬇️from S$88.23 Billion) 🎯 Average Price/NAV = 0.76 (Maintain) 🎯 Average Distribution Yield = 5.99% (⬇️ from 6.27%) 🎯 Market Cap Weighted Average Distribution Yield = 6.08% (⬇️ from 6.17%) 🎯 Average Gearing Ratio = 39.94% (⬆️ from 39.80%) 💹 Average Yield Spread (vs 10 years SG Gov yield) = 3.95% (⬆️ from 3.93%) 𝗕𝘂𝗹𝗹 / 𝗕𝗲𝗮𝗿 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗦-𝗥𝗘𝗜𝗧 𝗦𝗲𝗰𝘁𝗼𝗿 (𝗜𝗻 𝗚𝗲𝗻𝗲𝗿𝗮𝗹): 🐮Valuation (24% discount to Market Fair Value) 🐮🐻 Technical Momentum (trading
💰 Stocks to watch today?(19 June)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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