Overall, Reits listed in SGX have performed well in view of the coming rate cut. Today, I want to look at the US office reits in particular, as they have been beaten badly due to low occupancy rate since Covid, and the property valuation affected by the high interest rate environment.
Prime US REIT (SGX:OXMU) (PRIME)
1. Turn long (arrow) with surge in volume
2. And this candle closed up the gap down on the left
3. Price close above 20ma
Keppel Pacific Oak US REIT (SGX:CMOU) (KORE)
1. Breakout from the consolidation
2. Strong surge in volume
3. Price close above the gap down on the left
4. Price still above 20ma
They are still on the uptrend, however, do not buy now as price has gone up for a while now, wait for entry.
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