Friday, February 21, 2014

AmFIRST REIT & Quill Capita Trust, time to add position?

Both AmFIRST REIT (AMFIRST) & Quill Capita Trust (QCAPITA) share price were very steady in term of price movement all these years. Since last few days, the trend become abnormal for these 2 counters.

 AMFIRST share price started to drop below the strong resistance at RM1.00 on 14th February 2014. The declining trend is continuing on every trade day until today with huge volume.

The share price movement of QCAPITA is very similar with AMFIRST. QCAPITA unit price fell below RM1,15 on 13th February 2014 and the share price is trending town to RM1.05 as of today closing with very high volume.

There is no negative news or announcements on these 2 counters, and in view of their historic price movement trend, my wild guess is it could be disposal of stake by major shareholder of AMFIRST and QCAPITA with the objective to cash out by end of February for fund repositioning.

If my guess work is true, the price of these M-REIT counters shall be stabilize next week.

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