Apr[5] - Utilities Review

On last trading day, ComfortDelgro showed sign of break up from its five months resistance ~ 2.63 (dividend yield ~ 4%). Competitive taxi segment dampened confidence among investors towards the counter. Bidding results of Seletar bus package (expected on April) could be one price catalyst in near term.

Singtel has been hitting its two months support ~ 3.85 (dividend yield ~ 4.5%). In recent spectrum auction, it won maximum allowable spectrum at shockingly high price. Being the strongest domestic telco player, its Netlink IPO plan could be price catalyst in near term.

Coming result announcement could be critical to Singpost, since its management highlighted potential impairment from eCommerce segment in US. The counter saw price gap down from 1.475 to 1.41 on mid Feb. This un-traded zone could be tested again in future. Recent price trend suggests that 1.315 could be support from recent downfall.