Chart[31] - Counters hitting support/resistance

DBS:Market strongly believe interest rate hike is around the corner. US banks broke 2016 high over past few weeks. Local banks tracked the pace as well. DBS saw strong buying volume on early November. Two resistances, 16.38 and 16.83 were broken. Next stronger resistance is around 17.86. Volume has been falling last few trading days. Correction might kick in. Similar scenario could be refer to end of Feb this year as highlighted below. Interestingly, this was first week that DBS being traded above its book value (~ 16.8) this year. Its 'recovery' came latest among its peers.

OCBC: The counter has been range bounding between 8.3 to 9. Volume was growing since mid Nov, and price is edging towards 9. Shall it be broken, next resistance is ~ 9.28.

UOB: The counter is near to its 2016 peak ~ 20. Price movement is in sync with its peers, but volume suggests otherwise.

SingTel: The counter strongly rebounded from support, 3.6 with significant trading volume. Immediate resistance is 3.8, followed by 3.94. Interestingly, SingTel issued shares placement to Temasek for fund raising. Each share was issued at $4.16 Current price looks undervalued on such comparison.

Nov[9] - Market Updates

Crude Oil:
Crude oil price fell 4% on last trading day. Immediate support is ~45. Stronger Support is around 41.5 ~ 43. Ahead of OPEC meeting next week, most regional indices have been riding a bullish week. Shall OPEC fails to deliver any satisfying production cut, oil traders could react badly. It would be interesting to see whether recent happy Thanksgiving mood gets affected.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Nov[8] - REITs Screener

REIT counters used to be sensitive to movement of interest rate. While market are preparing for rate hike announcement from FOMC, local REITs were facing headwind of selling. Hunting period is present. The following counters were shortlisted because of low borrowing and stable income from its assets: CDL Hospitality Trust (CDL HT) and Capitaland Commercial Trust (CCT). Respective price vs yield chart are below.

Nov[7] - REITs Screener

REIT counters used to be sensitive to movement of interest rate. While market are preparing for rate hike announcement from FOMC, local REITs were facing headwind of selling. Hunting period is present. The following counters were shortlisted because of low borrowing and stable income from its assets: Frasers Logistics & Industrial Trust (FLT) and Capitamall Trust (CMT). Respective price vs yield chart are below.

 

Nov[6] - Market Updates

Singapore:
Generally market has been calming down upon election week. Coming to end of 2016, market is looking towards last OPEC meeting and FOMC. STI saw short rebound last few trading days. Immediate resistance at 2863. No major events or announcement on coming week.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Nov[5] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
Centurion, Vallianz, Bumitama, Global Invest, ThaiBev

Chart[30] - Global Invacom

The counter saw heavy buying interest on last trading day. Resistance price 0.177 was broken, next resistance is 0.215. Similar accumulation activities happened on early and mid October as highlighted below. Buyer could be in action again.

*** Note: Same counter has been mentioned in Chart[15] @ 2016 ***

Nov[4] - Market Updates

Crude Oil:
Crude oil price has been falling ahead of OPEC meeting by end of Nov. It residing at support, 43. Shall this be broken, next support would be 41.5. It shall be next market theme since US election is over.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Nov[3] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
CNMC Goldmine, Global Logistics, SingTel, ST Engineering (ST Eng), ComfortDelgro (CDG), Talkmed, 800 Super, Ezion, Silverlake Axis, Manulife US REIT, Asian Pay TV Trust (APTT)

Nov[2] - Market Updates

Singapore:
STI broke support 2798 on last trading day. Next strong support shall be 2705 which was hit during BREXIT. Coupling with sliding oil price, investor shall sit tight for potential volatile week ahead.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Nov[1] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
DBS, Starhub, SIA, Singpost, OUE H Trust