Chart[37] - Cityneon

The counter broke up from resistance ~ 0.95 last week with significant transaction volume. Price retreated to new support 0.95 on last trading day. Shall buying interest continue, price could head towards 1.08. From the weekly chart below, strong support is 0.85, while strong resistance is 1.21.

Jan[10] - Market Updates

Singapore:
STI has been riding on bull train ever since it formed quadruple top break out ~ 2966. It rose 6.2% year to date. Immediate resistance is ~ 3105, support could be 3000. Next week will see meeting among central bankers in Japan as well as US. STI heavy weight constituents are going to release latest financial results on coming weeks. It could be the decisive factors for the continuation of recent bull run.

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

Jan[9] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided. M1, Keppel Co, Cache Logistics Trust (CLT), Keppel DC REIT (KDC), Mapletree Logistics Trust (MLT), Soilbuild REIT (SBR), OUE Hospitality Trust (OUEHT), Cambridge Industrial Trust (CIT), Mapletree Greater China Commercial Trust (MGCCT).

Chart[36] - Cogent

The counter saw strong buying interest since of last year. Management indicated that they received indication of interest to the company and business from time to time. Price broke up resistance ~ 0.67 early this year. Upwards momentum worth for monitoring.

Jan[8] - Market Updates

US:
DOW has been rallying since last November. Following Trump inauguration, sign of correction could be seen from the index (lower low formation). When market resumed from CNY holiday, investor shall pay attention to latest interest decision from FOMC (31 Jan).

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

Jan[7] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.

SGX, First REIT, Capitaland Commercial Trust (CCT), Frasers Centrepoint Trust (FCT), Capitaland Mall Trust (CMT)

Jan[6] - Market Updates

Singapore:
STI formed quadruple top break up on past week. Immediate resistance ~ 3041. Again market proved investor wrong, as it moved against pessimistic among most retailers. Young bull is gaining momentum meantime. Coming week will see ECB meeting on 19 Jan, and also inauguration of Donald Trump on next day.

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

Jan[5] - Financial Highlights

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

Jan[4] - Market Updates

US:
Dow Jones has been lingering marginally beneath of a great milestone level, 20000 for the first week of 2017. It could well dictate the trend for whole year. Coming weeks will be results announcement period. Stay tuned!

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

Jan[3] - STI ETF (potential quadruple top break up)

COUNTER: STI ETF

OVERVIEW:
SPDR funds are a family of exchange-traded funds (ETF) traded in US, Europe and Asia Pacific and managed by State Street Global Advisor. SPDRR Straits Time Index ETF ("STI ETF") is Singapore's first locally created ETF which can be traded like any listed share. It seeks to generate return that closely correspond to the performance of Straits Time Index ("STI").

Adopting physical replication model, STI ETF actually buy into constituents of STI so as to track its price movement of the country specific index.

ANALYSIS:
[1] First week of 2017 kicked off with numerous positive economy data. Latest Purchase Manager Index (PMI) showed that US, Europe and China are comfortably under expansion mode. For Singapore, last quarter GDP saw 1.8% growth year on year which beats market consensus. Steady economic performance gave a push to regional indices. As a index which tracks global market sentiment, STI has gained some ground of support, so limited downside risk meantime.

[2] OPEC has been aggressively pushing for oil production cut (beginning on 2017) among its member as well as non-OPEC member countries. The biggest worry of 2016 has been removed. Market could have fully priced in the downside risk for offshore marine and related sectors.

[3] US Federal Reserve just raised interest rate. The next increment would depend on actual policy implementation from new president and subsequent economy data. Market has just bottom out from most of gloomy factors. 

[4] STI is actually trading in low valuation among the regional indices. It is also below mean value in its three years historical movement.

PRICE vs YIELD CHART:
STI has been moving into a narrowing corner of ascending triangle. Last trading day saw it hitting 2967 fourth times since beginning of 2016. A quadruple top break up looks possible on 2017. Trader could position for potential upswing by buying the ETF.

Shall price continue to range bound underneath 2967, it is worth to accumulate as it translates to dividend yield > 3%, which is giving first payout on coming two months. Buying into ETF protects investors from over exposure to specific business sector risk (eg. oil, Uber, airlines competition, 4th telco, etc).

Above shows STI movement. STI ETF which tracks the index is below. Last year dividend payout was 0.93 per shares.

*** Note: Same counter has been mentioned in Jan[5] 2016 ***  

Chart[35] - Yanlord

The counter is forming a double bottom formation at 1.3. Last trading day saw it gathering momentum to break up soft resistance 1.345. Volume looks decent. Shall buying volume continue on following days, it could be heading towards 1.44