Saizen REIT

[winston]

vested

Time: 10:35AM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Bearish MACD Centerline Crossover
Last Done: $0.189

Source: UOBKH

[winston]

not vested

Time: 4:46PM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Bullish MACD Crossover
Last Done: $0.19

Source: UOBKH

[winston]

vested

Time: 3:27PM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.19

Source: UOBKH

[winston]

not vested

Time: 8:58AM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.19

Source: UOBKH

[winston]

vested

Time: 8:58AM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.189

Source: UOBKH

[winston]

vested

Time: 9:08AM
Exchange: SGX
Stock: SaizenREIT(DZ8U)
Signal: Resistance - Breakout with High Volume
Last Done: $0.2


Source: UOBKH

[winston]

vested

Saizen REIT, Will It Resume The Uptrend? By Robin Han

Saizen REIT has been experiencing strong momentum for quite some time.

From the weekly chart, we can see that it was in a long-term uptrend for around one year, and has broken the long-term consolidation zone. It has the potential to go much higher after forming such a nice bottom.

Recently, it gapped up and broke the key resistance at $0.2 and went much higher. The stock is at its four year high now, and the uptrend is likely to continue.

Besides, we can see that the stock went through a consolidation in a relatively small range for over two months before the breakout, giving the stock a stronger momentum to go higher.

One can consider buying on weakness during the pull back for this market leader.

http://www.sharesinv.com/articles/2013/ ... e-uptrend/

[winston]

vested

Upgrade TP to S$0.220, Downgrade to HOLD.

Despite our higher revised target price of S$0.220, we downgrade our call to HOLD given the limited scope for capital upside from current valuations.

Based on our revised FV of S$0.220, this represents a potential capital upside of only 5.8%.

Saizen REIT’s recent price appreciation and the impact of a weaker yen have also dampened its attractiveness as a high yield play.

We project Saizen REIT’s FY13 yield at 5.9%.

This translates to approx. 450 basis points over the risk-free rate, leaving little room for comfort once interest rates begin to tick up.


Source: AmFraser

[winston]

vested

Saizen Real Estate Investment Trust, which has residential properties in Japan, said its net asset value per unit fell to S$0.25 at the end of March from S$0.30 on June 30, 2012, mainly due to the depreciation of the yen, despite growth in revenue and net property income.

Source: Reuters

[winston]

vested

No wonder that Argyle Street Management, the single largest shareholder of Saizen REIT (with 8.97%) has been a persistent seller of the stock in the past few weeks.

One off refinancing costs as well as the the rapid weakening of the Japanese Yen has caused 3Q to Mar’13 operating income to plunge 55% yoy and 74% qoq to only S$1.94mln.

And the weakening of the Yen against S$ caused the NAV to fall from 30 cents to 25 cents as at Mar ’13.

With rental collection in Japanese Yen while dividend distributions in S$ as well as the big plunge in operating income, June ’13’s distribution per unit will be negatively impacted.

This suggest down-side risks to its upcoming 6 months dividend distributions expected for half year to June ’13.


Source: Lim & Tan