FRZCF trade ideas
Fraser Centerpoint Trust - Poised For RecoveryFCT management has done a excellent job for potential growth recovery.
instead of following the routes of most reits chasing data centers which they may face issues such as
- lack of experience operating them
- acquisition route might be too costly in short term basis / may need to upgrade components
- profitability may be affected in long term if there is a over supply of data centers
They have widen the net to cover SG and increase its monopoly / market share.
Pros to note
- largest suburban mall reit player in Singapore
- foothold volume has improve greatly in Q3 with reduce COVID cases
- not heavily impacted as compared to town area retail reits which usually has higher foot traffic due to tourism
- good management system in place with decent gearing ratio and good cash management
Cons to note
- COVID reoccurrence may damper its potential growth
Year End Target -
High - 3.20
Low - 2.80
FRASERS CPT TR - Banker's Chip improvedRetest 2.6 Resistance with significant volume improvement.
Banker's chip turned strong chip.
Breaking 2.64 resistance will expose next level of resistance at 3.0
Frasers Centrepoint - Break month highPrice breaks month high. Need to break 2.6 Rst to expose 3.0 Resistance.
Banker's Bar (Red Bars) stay above 50%.
SL 2.2
Frasers CPT Trust - Still looking sweetFCPT finally broke quite decisively above the "neckline" at 2.10 today. Still not too late to jump on the bandwagaon (esp if it could retest 2.10 in the near future) with a stop just below 2.00. Look to scale out around 2.30 then 2.48 and finally 2.65-2.75. However I do not expect a smooth journey to the final target but as long as it is able to from a higher high and higher low then will stay long.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Frasers Centrepoint Trust - mini double bottom at 1.75FCPT sold off heavily today and retested 1.75 today forming a mini double bottom. This is also the 50% fib retracement of the bigger uptrend from 2009-2020. An aggressive entry would be to enter as soon as it retested 1.75 and starts to rebound. However a more conservative entry is to wait for some "confirmation" that the low is in, which means to wait for price to go above today's opening price at 1.86 before going long. Stop loss should be just below 1.65 (a major horizontal support). Should the trade goes in my favour, I will be looking to trail my stops up and also take partial profits as it reaches each fibo retracement level (38%, 50%, 61%) up. .
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and
