Chart[73] - ComfortDelgro

The counter slowly rebounded from its three years low ~ 1.9 last week. Downtrend could have paused here. Shall it continue to range bounce, 2.1 could be its immediate resistance. Current price might be good entry. Shall 1.9 be broken with strong volume, downtrend would resume.

Dec[11] - Cash is King

The following counters were shortlisted for its strong cash / cashflow position. Price has been easing recently which might translates to buying opportunity.

Dec[10] - Market Updates

Singapore:  
STI completed FY2017 with outstanding gain of 17%. However, trend looks stagnant from mid Oct till now. It  has been range bouncing between 3341 to 3468. 10 years peak 3550 could be visible target in FY2018. Investors shall take opportunity to reshuffle its portfolio. Debt affordability might be issue to company while we are entering high interest rate (tightening monetary policy) cycle.

 
Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA). 

Chart[72] - Japfa

The counter saw price rebounding with significant volume on last trading day. On daily chart below, it has broken resistance 0.49, and next resistance is around 0.525. Looking into weekly chart, it is potentially taking u-turn from recent downfall. Strong resistance is 0.6. Volume on subsequent days will be critical.

Dec[9] - Property Developer Review (Large Cap)

Among top 6 market capitalization of property developer listed in SGX, the following counters were shortlisted because they have high exposure to local property market. In term of valuation, they are still trading below respective book value. The counters are Capitaland (CAP), Frasers Centerpoint Limited(FCL) and UOL

Dec[8] - Market Updates

Crude Oil:  
Oil Price has been enjoying in bullish run since last June. It is supported by extended production from OPEC and non OPEC but capped by potential rising in Shale Oil production activity. Resistance ~ USD60 and support ~ USD55. Such a range bounce movement might inject confidence among oil counters investor.

Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA). 

Chart[71] - Keppel T&T

The counter saw strong buying volume on late Nov. Price retreated with thin volume afterwards. 1.55 is holding firm as support meanwhile. Shall buying ramp up again, it could test 1.64, follow by 1.71. A higher high formation might be forming. However, trend might look downwards if support 1.55 is broken.

Dec[7] - REITs Review

Following last week FOMC meeting, monetary policy will be further tightened on next year. As a dividend instrument, REIT performance might be sensitive to interest rate. Therefore we review a few local REIT counters as below from respective financial condition as well as business prospect. Yellow color highlights counters with dividend yield out-performing its peers. Pink color highlights decrease in earning and rising debt gearing.

Dec[6] - Market Updates

Fed Fund Rate vs DOW Jones:  
On last FOMC meeting of 2017, US interest rate was raised to 1.25 ~ 1.5%., with three more hikes were expected for next year. The monetary policy has been loosening since 2009 (global market collapsed). Next year, interest rate could finally back to it's level which was last seen on 2008. Bond buying will shrink US$20b/month (from US$10b/month) from Jan as well.

Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA). 

Chart[70] - Golden Energy

The counter saw strong buying volume on last trading day. Price rebounded from one month downfall. 0.365 proved to be strong support. Shall buying interest continue, next resistance could be 0.42 followed by 0.475.

Dec[5] - Book Value Hunting

The following counters share similar characteristics: low debt or even net cash position yet share price under its net asset value (book value). Its business condition and outlook were shared below.

Dec[4] - Market Update

Singapore:  
STI has been edging downwards since last Monday, but managed to bounced up on last trading day. Coming to last month of 2017 with holiday seasons around the corner, it could be a quiet month ahead. Outperforming trade data from China and tightening labour market result from US boasted market confidence meanwhile. Last FOMC meeting from Yellen falls on next week. Latest decision on its monetary policy could be last decisive factor to market for the year. 3341 seems to be strong support for STI, while it is try to test resistance ~ 3450.

 
Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA). 

Chart[69] - ThaiBev

The counter has been riding on bullish trend since early October. It failed to break up from 0.98 twice. Recent retreat could be last entry chance for a triple top break up. Looking past two months, it has been forming higher low pattern, so could look forward more upside. Shall price break down from 0.94, uptrend could reverse.

Dec[3] - Laggards Play - Yield chart

Dec[2] - Laggards Play - Busines Operation

The following counters were shortlisted from STI constituents. Different from other constituents, their price movement have been deviating from recent STI rally. Thus they could be taking driver seats shall STI rally to continue, or enter correction phase. SingTel and Wilmar belongs to retail and consumption sector. SIA Eng and ST Eng offers attractive dividend yield. Sembco Ind could be a laggard performer among oil price recovery. It's trading under heavily discount from book value.

Dec[1] - Market Updates

Singapore:  
STI's 10 years peak ~ 3550 is not longer far away based on recent bull charging. Looking backwards, such rally didn't go through much consolidation. The vulnerability to market uncertainty could be rising. Investor shall begin deleveraging (taking profit) from portfolio in such euphoria condition. 

Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA).

Chart[68] - Wheelock

The counter formed triple top break up on early October. ~ 1.91 formed new support for the trend. Recent downfall was not in high volume, so it could be short term correction. Since price has been hovering around support, entry opportunity could be now.

Nov[9] - Financial Highlights - 1

The following counters released respective latest financial results last week. A summary is provided.
800 Super, Bumitama, ComfortDelgro, CNMC Goldmine, Declout, Frasers Centrepoint, Golden Agri, Golden Energy, Hatten Land, Health Management International (HMI), ISDN, ISOTeam, Mermaids Maritime, Moya Asia.
 

Nov[8] - Financial Highlights - 2

The following counters released respective latest financial results last week. A summary is provided.
Nam Cheong, Oceanus, Powermatic, QAF, Silverlake Axis, Singpost, Spackman, Straco, Uni-Asia, United Engineer, Wilmar, Ying Li, Yongnam, Asian Pay TV Trust (APTT)

Nov[7] - Market Updates

Crude Oil:  
Oil price has been running up and more volatile ahead of meeting between OPEC and non OPEC on 30 Nov. Positive factors are rising tension in middle east, potential extension of production cut in OPEC, but upside might be capped by rising oil output from US. Current price broke up from 53, but might face resistance around 58 to 62. Volatility ahead might present trading opportunity.

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

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

Chart[67] - M1

The counter has been bouncing between 1.77 to 1.84 for past three months. Market might have absorbed most negative prospective factors for the telco counter. Looking into bullish break up from its peer, Starhub, similar break up might happen on M1 as well. Last Thursday saw relatively strong buying volume. Similar spike up happened before as well. Shall price break up from 1.84 with decisive volume, it could head towards 1.9. There is a trading gap from 1.96 to 2.04, which might be your most ambitious target.

Nov[6] - Financial Highlights - 1

The following counters released respective latest financial results last week. A summary is provided.
Best World, BreadTalk, Capitaland, Centurion, CSE Global, DBS, Dutech, Ezion, Gallant Venture, Genting SG, Netlink Trust and Noble

Nov[5] - Financial Highlights - 2

The following counters released respective latest financial results last week. A summary is provided.
Nordic, Perennial, Raffles Education, SATS, SIA, SingTel, ST Eng, SUTL, Talkmed, UOL and Vallianz

Nov[4] - Market Updates

Singapore:  
STI has been rising for 6 consecutive weeks as shown in weekly chart below. 3348 serves as support, while strong resistance would be ~ 3526. Generally market sentiment is bullish while index constituents have released encouraging earning results. Investors could take the opportunity of recent bullishness to reshuffle portfolio. Laggard from the bull run could be potential target.

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

Chart[66] - Sheng Siong

The counter saw rising buying interest upon latest earning results release. On last trading day, price paused at resistance 0.96. Shall it be broken, next resistance range could be 0.99 to 1.005.

Nov[3] - Financial Highlights - Companies

The following counters released respective latest financial results last week. A summary is provided.
Falcon Energy, China Aviation Oil, HPH Trust (HPHT), mm2, Oxkey, Raffles Medical, Rowsley, Semb Marine, Sembco Ind, SIA Eng, Starhub

Nov[2] - Financial Higlights - REITs

The following counters released respective latest financial results last week. A summary is provided.
Ascendas REIT, Frasers Logistics & Industrial Trust (FLT), Manulife US REIT, OUE Hospitality Trust (OUE HT)

Nov[1] - Market Updates

Oil:  
Crude Oil broke up from 2017 resistance ~ 55.2 last night. Bullish inventory data from US and extension on production cut among OPEC drove the rally over past few weeks. The next resistance could be ~ 57 to 58. End of November shall see meeting among OPEC.

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

Oct[11] - Financial Highlights - REITs

The following counters released respective latest financial results last week. A summary is provided.
Cache Logistics, Frasers Centrepoint Trust (FCT), Frasers Hospitality Trust (FHT), First REIT, Mapletree Commercial Trust (MCT), Mapletree Industrial Trust (MIT), Mapletree Logistics Trust (MLT), Sabana REIT, Starhill Global REIT, Viva Industrial Trust (VIT)

Oct[10] - Financial Highlights - Companies

The following counters released respective latest financial results last week. A summary is provided.
Japfa, OCBC, Sheng Siong, SGX

Oct[9] - Market Updates

Singapore:  
STI hit its new peak for 2017! After consolidation between 3220 to 3350 for past 3 months, market finally decided on new path ahead. Next resistance will be 3467, then 3550. Federal Reserve has interest rate meeting on next Thursday.

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

Chart[65] - Golden Energy

The counter saw strong buying volume since mid August. Price up >25% to 0.485. It failed to break up further twice on early September. Its trend is weakening afterwards. Last trading day saw price having small rebound from support 0.425. Looking backwards, price didn't come down with significant selling volume. It suggests that buyer could be waiting for next bargain hunting window. Shall current support hold, price could range bounce between 0.425 to 0.48.

Second chart (weekly base) shows current weak movement might be small correction from its first up moving on mid August. Entry position might present to trader.

Oct[8] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
M1, Keppel Telecommunications & Tranportation (KTT), Keppel Co, Mapletree Greater China Commercial Trust (MGCCT), Keppel DC Trust, Keppel REIT, Frasers Commercial Trust, Capitaland Mall Trust (CMT) and Capitaland Commercial Trust (CCT)

Oct[7] - Market Updates

Singapore:
STI has briefly touched 2017 peak ~ 3355 last week as refer to upper chart below. Buoyed by banks, property and marine sectors, a break up from 3355 might not be impossible by this year. Shall it break up successfully, next resistance could be ~ 3467, which is pretty close to 10 years peak 3550.

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

Chart[64] - Singpost

The counter saw increasing buying volume last week. Price broke up from resistance 1.28 on last trading day. Shall buying interest continue, it could test next resistance ~ 1.32. Long term resistance ~ 1.375. Shall price fall below 1.27, range bouncing could persist like past two months. 1.235 serves as support 4 years support. Company has been buying back shares consistently.

Oct[6] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
Duty Free, SPH, SPH REIT, Soilbuild REIT