Stamford Land

Stamford Land: Counter featured on DBSV's 52-week high radar. Fundamentally, revenue grew 4.5% to $278.7m in FYMar14. The hotel segment reported an overall 3% increase in revenue in AUD but was significantly impacted by the slide in the AUD during Apr-Aug 2013. The property development segment reported higher revenue from the sales of more apartments. A 3¢ dividend was declared that translates to a 4.8% yield. The Group is optimistic of its hotel business prospects for FY2015. Capitalizing on the robust Sydney residential property market, management plans to unlock greater value from 2 of its existing Sydney hotels, Stamford Grand North Ryde & Sir Stamford at Circular Quay, by redeveloping them into residential properties for sale. It will realize benefit from these property development initiatives only upon their completion. Technically, the stock triggered a 52-wk high this morning, the first time in a year, when it rose above $0.62. Simultaneously, a multi-year downtrend line in existence since January 2011 is also broken to the upside today. Both are potential positive technical signals. The near term base is at $0.61. The upside potential is taken at 20% above the 52-wk high trigger, at $0.745. The stop loss is 5% below the 52-wk high trigger, at $0.59.