Analyst target 3 Jan 20

China Aviation – chart looks bullish amid analyst buy calls; below average valuations, supported with 3.6% dividend yield (3 Jan 2020)

Dear readers, Happy New Year! Hope your new year has been great. Market has been extremely interesting for the past couple of months. Recently, China Aviation (“CAO”) caught my attention with its bullish chart and looks interesting on a risk to reward aspect. CAO closed at $1.30 last Fri. Day range was $1.29-1.32. Read on for more.   Why did CAO catch my attention? a) Average analyst target price $1.70 With reference to Figure 1 below, average analyst target is around $1.70. Together with an estimated dividend yield of around 3.6%, CAO offers a total potential return of around 34%. […]

Chasen chart 23 Oct 19

Chasen – a bullish double bottom making in the making? (23 Oct 19)

Dear all, This week, Chasen catches my attention as it seems to be forming a bullish double bottom on its chart. I have appended my personal chart analysis, together with some potential positive and negative points on the company. Read on for more below.   Chasen’s chart analysis Based on my personal interpretation of Chasen’s chart, it seems to have tested its double bottom neckline around $0.070-0.072 for the past few days. For the past two days, it managed to close higher consecutively with above average volume. In fact, Chasen closed today with 7.3m shares changing hands, 3.8x above its […]

EC chart as of 29 Jun 18

EC World Reit – potential strong growth ahead (29 Jun 18)

Dear all, Reits are clearly not in our investors’ favour as evidenced by the 10.2% fall in FTSE Reit index (FSTAS8670.IN), which closed 786 on 29 Jun 2018, after hitting a multi-year high of 875 in Jan 2018. Most analysts or strategists will recommend reits with distribution per unit (“DPU”) growth, so as to combat the rise in interest rates. EC World Reit (“EC”) may be one with DPU growth. I have the privilege of meeting Mr Goh Toh Sim, Executive Director & CEO of EC and Mr Li Jinbo, Head of Investment of EC (“Management”) for a 1-1 discussion […]