The Edge- 16 November 2008
Property counters were among the first sectors to peak and turn down in June 2007. While few believe that the bear market could possibly have come to an end, some signs are emerging that selected counters could be gaining strength against the sector and the market. Strangely, the stocks are not among the top picks by analysis.
Capitaland was recently downgraded by several analysts, yet the stock is showing signs of superior relative strength. Wheelock Properties is the other counter that has strengthened against the market.
Capitaland – Attempting to bottom
City Development – No change in direction yet
Keppel Land – Still weak
Guocoland – Rate of decline slows
United Overseas Land – Early signs of a base formation
Wheelock Properties – Attempting to form a base
0 comments
Post a Comment