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Sunday, November 08, 2009

Parkway Holdings

Ever since I bought Parkway Holdings [P27], the trend is only in one direction - UP. Is the upward trend going to be reversed?

If we were to just study the technical aspects, the upward trend may soon be reversed. However, it is to note that the stock is still not overbought may be close to overbought soon.

What about the fundamentals? Parkway Holdings is the leading private healthcare provider in Asia, offering bespoke healthcare. Its ability to sell the Novena medical suites in 1Q10 may lead to many brokerage houses' re-rating of the stock. Do note that Parkway Life Reits declared a higher DPU this quarter.

I believe Parkway Holdings still hold sound fundamentals for mid and long term investors.

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Do provide your constructive comment. I appreciate that.

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