Mar[6] - ISDN (Proxy to industrial automation)

BUSINESS:
[1] The group offers motion control solution in fully automated or semi automated products, equipment and production lines. Last year December, it formed a joint venture with Switzerland-based, Maxon Motors to sell Maxon motor's product in Southeast Asia.
[2] FY2018 saw revenue crossing S$300mil first time. Contribution from China is $211mil, up 1.6% despite a slowdown in the economy. Profit recorded $10.9mil, highest in history. 4Q actually incurred loss $1.5mil, due to higher cost, impairment allowance, inventory write off. Full year dividend announced 0.7 cent, up from 0.6 on FY2017. 

HIGHLIGHTS:
[1] Novo Tellus private equity fund subscribed 6.4% stake in ISDN at 20 cent last Feb. The managing partner is Loke Wai San, who is executive chairman of AEM, one of the local favorite tech stocks. He favored potent of ISDN due to it's unique position in industrial automation solutions. 
[2] FY2019 will see contribution from it's hydropower plants in Indonesia. It's estimated to generate US$7-12mil revenue a year. Company is planning to add more afterwards. 
[3] Current price translates P/E ~ 8, P/B ~ 0.6, Dividend yield ~ 3%, which is pretty attractive, considering net cash position ~ $10mil. 

CHART:
Ever since the group announced shares placement to Novo Tellus, share price rally to 26 cents on early March. Recent downfall could translate to entry opportunity. 22.5 cents is average trading price for past 2 years.

Mar[5] - Market Updates

Oil:

Crude oil has been rally since beginning of 2019. Recent price is testing resistance ~ 61. Shall it be breached, next stronger resistance shall be ~ 64, where it formed triple bottom break down on late 2018. Exemption on Iran sanction was extended. Slower pace of global economy could reduce oil demand as well. It's worth to take note that recent up-swing is in tandem with US stock indices. A correction from stock market could affect trading sentiment on oil market as well. Traders could position on oil price with following ETF.

Trade on bullish Oil: Oil ETF (ticker: DBO)

Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Mar[4] - CNMC

BUSINESS:
[1] The group is gold miner who operates in Kelantan, Malaysia. Business commenced on 2007 and listed on 2011.
[2] With CIL plant in place, management expects gold production to ramp up on FY2019. Potential income from production and sales of silver, lead & zinc once flotation plant commences operation.

HIGHLIGHTS:
[1] It's in net cash position with US$17mil now. Net asset value is S$0.14. Current price translates to P/B ~ 1.5. Management proposed dividend $0.002 for FY2018, pending for approval from AGM.
[2] Gold price has been moving to the high size of past 4 years. Higher gold sales price incorporated with expected higher production volume could contribute positively to the group's earning on coming quarter.

CHART:
The counter has been range bouncing between 0.185 to 0.24 since mid 2018. This is considered low range of its historical price range since IPO. Recent rally in gold price have provided support to it's share price. Shall the rally continue, trader could position for potential break up from 0.24.

Mar[3] - Market Updates

Singapore:

STI has been hovering around its 200 days moving average. 3180 serves as support for now. Coming week will be FOMC meeting. Powell has been emphasizing his patience on rate hike, so there might be any surprise next week. Shall US indices continue to rally, STI shall be moving upwards on it's 200 days moving average soon. 

Mar[2] - Raising Gear

SilverlakeAxis delivered impressive earning for last quarter. Gross profit up 32%, with both new projects and recurring income segment (ie maintenance, etc) registered double digits of growth. Having net cash ~ RM300mil, current price translates to dividend yield ~ 4%. Buying interest was strong since result released as highlighted on chart below. Recent price correction could present buying opportunity, considering the group is on the right track to deliver huge projects in pipeline. Earning prospects is convincing to shareholders as chart suggests.

SingMedical registered 48% growth in profit for FY2018. Being expanding its specialists clinics in SG, the group is aggressively penetrating into new geographies, such as Indonesia and Malaysia. Its' newly acquired clinic in Vietnam will operate on coming quarter. Recent announcement revealed that major shareholder, CHA group (South Korea's leading healthcare group) is going to raise stake onto the group through shares placement and loan scheme. CHA is enhancing corporation with the group for better exploration into new projects in overseas. Similarly, buying interest is surging on the counter upon latest announcement on earning and business plan from CHA as chart below suggests. Looking its peak of share price on 2018, current price presents huge room to grow.

Mar[1] - Market Updates

US:

DOW Jones showed some fatigue from it's rally since last Christmas. It down ~ 3% for last trading week. 25000 shall be immediate support. Market might need time to digest latest job data which showed a dip in growth. Next FOMC will be in two weeks time. Since Powell has been emphasizing his dovish stance to market, recent downfall could be a healthy correction. Former Federal chair person, Yellen even suggested potential rate cut last month...

Chart[103] - Consolidation awaiting break up

Three counters were found in consolidation formation while respective prices were slowly moving upwards. They deserve more attention for potential break up in price.

DBS gained more favor from market after OCBC and UOB released earning. While the peers were selling down, its price was bought up on last trading day. Higher low formation was seen since early 2019. 25.2 could be the break up price to monitor.

Sembco and Semb Marine has been rallying since mid of last week. Keppel Co has been laggard to it's peers. 6.36 could be critical resistance to monitor. Shall this be broken, more upwards movement could be ahead.

Raffles Medical has been moving in upwards channel since last July. Current price is near to support line of the channel. Next Monday will see latest earning result from the counter. 1.2 is the resistance to monitor.