$LION-PHILLIP S-REIT(CLR.SI)$ @nomadic_m Hey nm, It's a wait and see for me. I think there are better options and I'm sure @koolgal can point you in the right direction for a REIT ETF. Cheers, BC 🍀
The Lion-Phillip S-REIT ETF is at a technical turning point, with various signals coming into play. Hovering around SGD 0.90, can it break the 0.92 resistance. A successful breakout could reignite bullish momentum, but failure could solidify the double-top formation, a bearish reversal pattern.
According to TradingView and Investing.com, the ETF is flashing a neutral, to sell sentiment across key technical indicators. The RSI is sitting at 35.79, in oversold territory, while StochRSI and Williams %R confirm this with oversold signals. The moving averages are heavily weighted towards a Sell, indicating a potential downward pullback unless fresh volume enters to push the price above resistance.
The ETF offers a 4.71% dividend yield and tracks the Morningstar Singapore REIT Yield Focus Index. Despite concerns about its 0.58% expense ratio, the tax transparency status introduced in Singapore’s 2018 budget remains a significant advantage, especially for investors seeking diversification without the hassle of managing individual REITs.
(Sources: TradingView, Investing.com, Yahoo Finance, New Academy of Finance)
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