S$0.975 SPH REIT (SK6U.SI) after-hours oversold bounce: scope for 4.69% upside
The SK6U.SI stock sits at S$0.98 intraday and S$0.975 last trade in after-hours trading on the SES, setting up a classic oversold bounce opportunity. Volume spiked to 13,095,900 shares versus a 50-day average of 1,961,205, signalling short-term capitulation followed by buying interest. With a trailing PE of 8.86, dividend yield near 4.77%, and book value per share at S$0.94, the case is for a measured rebound toward the 50-day average and short-term price targets. We outline the setup, risks, and a clear trade plan
SK6U.SI stock: after-hours market snapshot
SPH REIT (SK6U.SI) trades on the SES in Singapore and closed at S$0.975 (previous close S$0.975) with day range S$0.975–S$0.98. Market cap stands at S$2.77B and shares outstanding are 2,839,010,048. Recent volume of 13,095,900 is 6.68x the average, showing heavy activity after regular hours. The Real Estate sector has shown a YTD 4.73% lift, providing a mild tailwind for retail REITs.
Why the oversold bounce setup fits SK6U.SI stock
Price sits near the 50-day average (S$0.97) after a pullback from the year high S$0.995; that makes SK6U.SI stock vulnerable to mean-reversion. Technicals show concentrated volume and elevated relative volume, classic signs of an oversold bounce. Short-term traders can watch a move above S$0.99 for confirmation and target the 50-day band and prior resistance near S$1.03.
Fundamentals and valuation for SK6U.SI stock
SPH REIT posts EPS S$0.11, PE 8.86, PB 1.04, and dividend per share S$0.0465 implying dividend yield 4.77%. Book value per share is S$0.94. Debt-to-equity sits at 0.57 and interest coverage is 3.13, indicating manageable leverage for a retail REIT. These metrics support a defensive income profile while leaving room for modest capital upside.
Technical outlook and Meyka grade for SK6U.SI stock
Short-term indicators point to a rebound opportunity: price is close to the 50-day average (S$0.973) and 200-day average (S$0.918). Meyka AI rates SK6U.SI with a score out of 100: 64.77/100, Grade B, Suggestion: HOLD. This grade factors in S&P 500 comparison, sector and industry performance, financial growth, key metrics, forecasts, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Valuation, forecasts and price targets for SK6U.SI stock
Meyka AI’s forecast model projects a 12‑month value of S$1.02. Versus the current S$0.975, that implies an upside of 4.69%. Conservatively, we set a near-term bounce target at S$1.03 and a stretch target at S$1.10 for traders; a defensive stop-loss near S$0.90 limits downside. Forecasts are model-based projections and not guarantees.
Trading plan and risks for SK6U.SI stock
For an oversold-bounce trade, consider a staged entry S$0.97–S$0.99 with position trimming into S$1.03 and S$1.10. Monitor occupancy and retail sales updates, currency moves in AUD exposure, and interest-rate headlines. Key risks include a weak retail recovery, leasing pressure at mall assets, and spikes in borrowing costs that would compress distributions.
Final Thoughts
Key takeaways on SK6U.SI stock: the after-hours action at S$0.975 on the SES shows heavy volume and a short-term oversold setup suited to a measured bounce trade. Fundamentals remain solid for a retail REIT: PE 8.86, PB 1.04, dividend yield 4.77%, and book value S$0.94 support income-focused investors. Meyka AI’s forecast model projects S$1.02, implying 4.69% upside from current levels; traders can use S$0.90 as a protective stop and targets at S$1.03 and S$1.10. Remember Meyka AI rates SK6U.SI with a score out of 100 at 64.77, Grade B (HOLD), reflecting sector comparison, growth metrics, and analyst consensus. Forecasts are model-based projections and not guarantees. For investors using Meyka AI-powered market analysis platform tools, SK6U.SI stock is a tactical oversold-bounce candidate, but plan for portfolio-sized risk and confirm bounce signals before increasing exposure.
FAQs
Is SK6U.SI stock a buy after the after-hours bounce?
SK6U.SI stock shows a short-term bounce setup, but consider staged entries. Use confirmation above S$0.99 and a stop near S$0.90. The stock suits traders seeking dividend income plus modest capital gain.
What is Meyka AI’s price forecast for SK6U.SI stock?
Meyka AI’s forecast model projects S$1.02 over 12 months, an implied upside of 4.69% versus S$0.975. Forecasts are model-based projections and not guarantees.
What are the main risks for SK6U.SI stock investors?
Primary risks include weaker retail leasing, softer shopper traffic, and rising interest costs that hit REIT distributions. Currency exposure in Australian assets and macro retail trends are also key risks.
How does SK6U.SI stock pay dividends and what yield to expect?
SPH REIT reports dividend per share S$0.0465, implying a trailing yield near 4.77%. Payout ratio is about 65.02%, showing a sustainable but not unlimited distribution policy.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
