Tipster, you are right the rental incomes are in sgd., but the Net Asset Value not! Also when rentals are up for renewal, negotiations to increase them in Sgd., may be tough against the background of tenants whose income is in IDR, and competitors Who pay their rents in IDR. Stii remain vested though! PGL
First Reit Indonesia assets Rupiah rental peg to S$. No currency risk. More worry on whether Lippo Karawachi can smoothly raise fund thru right issue to make sure company have positive cash flow. This will ensure rental payment by LK will not default
AEM Holdings Limited Felix Research says it has a strong resistance at 1.21 and UBS AG acquired 540,200 shares of AEM Holdings for a consideration of S$674,685 on March 22. This saw UBS AG increase its total interest in AEM Holdings, which includes deemed interests.
On March 21, AEM Holdings announced it had now received sales orders worth S$174 million for delivery in FY19
For contra traders or short term traders Frencken Group Limited is a hot stock according to Felix Research because it forming a Harmonic Chart pattern with a Fibonacci ratio of 61.8% .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
foresight
28 posts
Posted by foresight > 2013-08-20 11:34 | Report Abuse
sell down for this week seems heavy..Monday begin at 1.17..now 1.05. Drop a whopping 10%..something is brewing. avoid for now until price stable