Property stocks below NAV

HO BEE INVESTMENTS ($1.44) – Undervalued?
- Prices are hanging to support
- ADX indicator suggests that prices should rise from here
- Other technical indicators are not so clear cut

SC GLOBAL DEVELOPMENTS ($1.38) – Downdraft
- This counter had a dramatic price decline on May 31 to close at 91 cents
- Volume surge on the down move indicating institutional selling
- Support is at $1.30

UOL GROUP ($4.94) – Testing resistance
- Prices may stage a temporary retreat
- Support is at $4.80
- Resistance is at $5.05. A break indicates a target of $5.40

SINGAPORE LAND ($7.09) – Halting up-move
- Prices are on a recovery path
- Resistance is at $7.19
- Break above $7.19 would indicate a target of $8.10
- Support is at $7

WHEELOCK PROPERTIES ($1.88) – At top of base
- Resistance at $1.88 to $1.90 area
- Successful break indicates a target of $2.10
- Support is at $1.80

WING TAI HOLDINGS ($1.57) – Strengthing
- Break above $1.57 indicates a target of $1.78
- There is some resistance at $1.64

(Source: TheEdgeSingapore June 6 2011)