Yanlord Land is starting to rebound after all that good news that was in the media. In fact DBS Vickers maintained it's buy call given it's attractive valuation and profitable business. On another note, STI had been selling down for 3 straight days and today the market rebounded strong. It should rebound yesterday but I can't explain why it did not.
https://www.theedgesingapore.com/yanlord-land-kept-%E2%80%98buy%E2%80%99-225-target-price-high-projects-visibility
The stock had been trending down all the while even after good news was released. Could this breakout be a turnaround for the stock to recover? In my personal opinion, I believe we need to wait for a little longer for the right timing signal to appear before making a judgement. It's too early to say now. I will share more on Yanlord and how to time your entry on my next Tuesday talk. For those who are interested, can register below.
Ronald K - Market Psychologist - A Stock Market Opportunist
