Date of Report: 3 October 2024
Broker: UOB Kay Hian
Current Trading Position
Keppel DC REIT (KDCREIT) is currently positioned as a “Trading Buy.” The price is trading above the cloud, which indicates that the uptrend is intact. Key technical indicators, including the conversion and base lines, remain in a bullish crossover, while the MACD (Moving Average Convergence Divergence) also remains bullish.
Price Target and Stop Loss
The last traded price for KDCREIT is S$2.18. The recommended trading buy range is between S$2.06 and S$2.07, with a target price set at S$2.28. To manage risk, a protective stop loss is advised at S$2.00.
Market Outlook and Timeframe
There are increasing odds of the stock price testing the target price of S$2.28. The approximate timeframe for this trading idea is 1-2 weeks, with the recommendation to initiate the trade if the stock hits the entry price range within three trading days.
Fundamental Research Perspective
UOB Kay Hian’s institutional research maintains a fundamental “BUY” rating for KDCREIT, with a target price of S$2.28. This aligns with the technical analysis suggesting strong momentum and positive market conditions for the REIT.
