KepLand Cup and Handle Formation?



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My Kepland TA view

NAV: 4.0579
PE: 6.767
Total issued paid up shares: 1,545,913,000
Mkt Price: 3.67
Distribution Yield: 3.266%


Kepland showing signs of a possible Cup and Handle Formation. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The handle represents the final consolidation/pullback before the breakout. There should be a substantial increase in volume on the breakout above the handle's resistance for the formation to be confirmed. To each his own.








Keppel Land is the property arm of the Keppel Group, one of Singapore’s largest multinational groups with key businesses in offshore and marine, infrastructure, and property. With beginnings that date back to 1890, Keppel Land is today a leading property development company in Asia recognised for its premier residential developments and investment-grade commercial properties, and its high standards of corporate transparency and disclosure. It is geographically diversified in Asia with a current focus in Singapore, China, India, Vietnam, Indonesia and Thailand. The Company is one of the largest listed property companies by total assets on the Singapore Exchange. It is part of the MSCI Singapore and FTSE EPRA/NAREIT indices. Keppel Land’s return on equity is among the highest in the property industry in Singapore. Riding on strong economic growth and homeownership aspirations, favourable demographics and urbanisation trends, the Company has continued its expansion drive in the housing sector into new countries, cities and segments. It has also embarked on developing large-scale residential townships in the region to tap on the demand for quality housing from the growing middle class population. The Group has a pipeline of more than 20,000 homes in residential townships across China, Indonesia and Vietnam. In another step to unlock value for shareholders, Keppel Land is setting up K-REIT Asia, a real estate investment trust with an initial portfolio of four prime office buildings valued at $630 million. Apart from redeploying capital tied up in its investment buildings into development projects which provide quicker returns, K-REIT Asia will enlarge Keppel Land’s platform to generate fee-based income, in addition to the funds which have been established under its property fund management vehicle Alpha Investment Partners.

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