Prices of shares have been going higher since the start of the year, however, even with the 20points drop in the market today, share prices look to be too overbought.
Reading through the edge weekly comment, where they recommended Lee Kim Tah and Guthrie GTS, both trading below their NAV of 62.7cents and 66 cents respectively. Both done well on friday's trade, gaining 2 and 6 cents respectively. Both own stakes in retail malls in Singapore, namely Jurong Point, Tampines 1, Heartland Mall and even the recently opened Nex in Serangoon. With the high current occupancy rate and share trading below NAV value and more development in the Jurong area, these shares look to be one to look out for.
Suntec REIT & Starhill REIT are also trading below NAV of price to book ratio of 0.78 times and 0.68 times respectively.
Mapletree Industrial Trust is releasing their 3rd quarter financial year 2010 results on 25th Jan 11!
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