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22.55M shares traded: J91U.SI ESR-Logos REIT (SES) S$0.205 28 Feb 2026: high liquidity may signal re-rating

February 28, 2026
6 min read
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Intraday flows pushed J91U.SI stock higher to S$0.205 on 28 Feb 2026 as volume surged to 22.55M shares, more than double the 10.61M average. This high-volume mover shows traders reallocating into ESR-Logos REIT (SES) during the Singapore session, creating a clear liquidity event that coincides with a tight intraday range of S$0.20–S$0.21. We examine what the volume spike means for short-term trading, valuation, and the longer-term outlook for J91U.SI stock.

Intraday volume and price action for J91U.SI stock

Volume is the primary driver today: 22.55M shares traded versus an average of 10.61M, a relative volume of 2.12x. That flow lifted price from the open S$0.205 to an intraday high of S$0.21 and a low of S$0.20. The concentration of trades near the day high suggests buyer conviction, not only a scatter of retail orders.

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High intraday liquidity reduces execution risk for larger blocks and increases the chance of tighter spreads. For active traders, the elevated volume flags J91U.SI stock as a short-term candidate for momentum or mean-reversion plays depending on order-book behaviour.

Technical context and short-term signals for J91U.SI stock

J91U.SI stock trades at S$0.205, below its 50-day average S$0.24 and 200-day average S$0.26, indicating a longer-term downtrend. The day’s range is narrow, which can precede a breakout if volume remains high into the close. Average true range is S$0.03, showing moderate intraday volatility.

Traders should watch support at S$0.20 (year low) and resistance at S$0.305 (year high). Given the large trade volume, a break above S$0.24 on continued volume could trigger short-covering and push price toward the 200-day average.

Fundamentals and valuation snapshot for J91U.SI stock analysis

ESR-Logos REIT operates in the SES Real Estate sector and shows mixed fundamentals. Market cap is about S$1.65B and shares outstanding are 8.03B. Reported EPS is -S$0.19 and reported PE (reported) is -1.08, while broader metrics show PB at 0.12 and enterprise value of S$4.41B. Book value per share is S$1.75, implying the market price trades at a steep discount to book on a per-share basis.

Revenue and cashflow metrics show operating cashflow per share S$0.10 and free cashflow per share S$0.10, supporting liquidity despite a debt-to-equity ratio near 1.09. Investors focused on income should note dividend history for related ESR tickers and recent ex-dividend activity source.

Meyka AI rates J91U.SI with a score out of 100 and forecast

Meyka AI rates J91U.SI with a score out of 100: 65.72 / 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not guaranteed; we are not financial advisors.

Meyka AI’s forecast model projects S$0.47 for J91U.SI over the next 12 months. Compared with the current price S$0.205, that implies an estimated upside of 129.27%. Forecasts are model-based projections and not guarantees. Traders should treat this as a forward-looking signal, not a certainty.

Sector and macro context for J91U.SI stock outlook

The Singapore Real Estate sector has shown recent strength with a 3-month gain of 12.22%, supporting broader interest in REITs. J91U.SI sits in the industrial REIT subsector, which benefits from logistics demand but faces rate-sensitivity and refinancing risk. Sector debt-to-equity across peers averages 0.69, while J91U.SI’s reported debt-to-equity is 1.09, above the sector mean.

Macro drivers to watch include Singapore industrial rent trends, interest-rate guidance from global central banks, and local leasing activity. Large intraday volume in J91U.SI stock can reflect a sector rotation into discounted REIT names as yields remain attractive.

Risks, catalysts and intraday trading strategies for J91U.SI stock

Key risks are refinancing pressure, weak occupancy, and dividend uncertainty given negative EPS. The company’s year low S$0.20 is immediate downside risk. Catalysts include asset sales, portfolio reweighting, or stronger-than-expected leasing updates that would tighten spreads to book value.

For intraday traders, use stop-losses near S$0.20 and scale into positions only when volume confirms breakout. Longer-term investors should wait for clarity on dividends and balance-sheet repairs before adding to core holdings.

Final Thoughts

Intraday volume has singled out J91U.SI stock as a high-volume mover on 28 Feb 2026, with 22.55M shares traded and a current price of S$0.205. The jump in liquidity reduces execution risk and sets up a clear technical range between S$0.20 support and S$0.24–S$0.26 moving average resistance. Fundamentals are mixed: book value per share S$1.75 suggests value on paper, while EPS and leverage raise earnings and refinancing concerns. Meyka AI rates J91U.SI 65.72/100 (Grade B, HOLD) and Meyka AI’s forecast model projects S$0.47, implying a 129.27% upside versus S$0.205 today. Forecasts and grades are model-based and not guarantees. Traders should use volume as the confirmation signal: sustained high volume above S$0.24 increases the chance of a re-rating, while failure to hold S$0.20 argues for caution.

FAQs

What caused the volume spike in J91U.SI stock today?

The intraday spike to 22.55M shares likely reflects block trades and increased buyer interest in ESR-Logos REIT amid sector flow. High relative volume (2.12x average) suggests institutional participation rather than only retail activity.

How does Meyka AI grade J91U.SI affect my view?

Meyka AI rates J91U.SI 65.72/100 (Grade B, HOLD) based on benchmark, sector, growth and metrics. This is informational; it should complement your research, not replace due diligence.

What price target does Meyka AI forecast for J91U.SI stock?

Meyka AI’s forecast model projects S$0.47 over the next 12 months versus current S$0.205, implying an estimated upside of 129.27%. Forecasts are model-based projections and not guarantees.

Is J91U.SI stock a buy for income investors?

Income investors should be cautious. J91U.SI shows strong book value but negative EPS and leverage concerns. Confirm dividend policy and coverage before adding for yield.

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.
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