Capitaland is a real estate developer based
in Singapore. They invest in and manage integrated developments, shopping
malls, homes, etc. Recently, they announced 97% increase in their 2Q 2017
profits, due to better operating performance from investments in Singapore and
China.
Right now, Capitaland is trending above the
20-day and 50-day moving average. RSI is also above 50 and positively directed.
Support level around $3.66, we expect the stock to break above the recent high of $3.88.
In fact, the whole Singapore property
sector is in strong uptrend as well. Bukit Sembawang and CityDev are big movers
since start of the year, have you noticed that?
