Friday, June 30, 2017

Chart[52] - Hanwell

The counter has been discussed on Chart[48]. First wave has been completed with high buying volume. Price slowly retreated with small volume. Immediate support is ~ 0.3, while strong resistance 0.4. Looking backward for the strong surge in buying volume, trader could position for potential buying interest in next.

Jul[2] - China Market Proxies

Following companies are exposing to various business sector mainly in China. Some have expanded to overseas as well. Earning is stable and growth plan is in sight.

EPS: Earning per Share
Gearing: Debt to Net Asset
Book Value: Net Asset Value
1Q2017: First quarter of FY2017


Jul[1] - Market Updates

US:
NASDAQ sell down persisted for last week. Weakening among tech stocks pulled down DOW Jones and S&P500. A longer correction phase might present hunting window, considering market bullishness since early of the year. Next week market shall get more hint from US FOMC meeting minutes. Timeline of tightening monetary policy shall be the concern.

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

Friday, June 23, 2017

Chart[51] - HPH USD

The counter saw strong buying volume on early June. Price ran from 0.41 to 0.45. Failing to break through further, it has been retreating to origin 0.41. Considering range bouncing characteristics of Trust counters as well as recent bullishness among REITs, the counter could have formed new channel of movement between 0.41 to 0.45, which translates to 10% range. Trader could trade in the range while waiting next surge in buying volume.

Jun[8] - Oil & Gas Sector Review

The following counters have major business exposure to Oil & Gas sector. Their stock prices have been suffering setback amid renew plummet of oil price. However, they deserve a place in watchlist. Potential price catalyst includes privatization, merger & acquisition, improvement in earning, etc. All of them are trading under book value.

EPS: Earning per Share
Gearing: Debt to Net Asset
P/B: Price to Book
1Q2017: First quarter of FY2017

Jun[7] - Market Updates

Singapore:
STI has been moving side way since May. Support 3191 looks intact. Immediate resistance ~ 3275 might not be broken soon. Focus of second half 2017 shall be on utilities counter which operates in defensive sector and gives consistent dividend payout. Net cash position would be preferred.

Market Calendar on coming week:
Next week, important data includes the final GDP growth, personal income and spending and the consumer confidence for the US (29 June); China official manufacturing and non-manufacturing PMIs (30 June); Japan inflation and unemployment; business confidence and inflation for Germany, Italy and the Euro Area and the final GDP growth estimate for the UK.
Singapore is going to release bank lending (30 June).

Friday, June 16, 2017

Chart[50] - Singpost

The counter paused from recent downfall. It has slowly climbed up to 1.285. Last trading day saw significant buying volume on last 5 min. Shall buying interest continue, it shall break immediate resistance 1.29. Next one shall be 1.34. There is a gap between 1.34 and 1.39. The trading gap shall be filled up, just in matter of time.

Jun[6] - Tech Sector Review

The following counters were shortlisted among Technology sector because of net cash position and consistent dividend payout in the past. As current price is near or even deep into book value, it could be potential target of privatization.

EPS: Earning per Share
Gearing: Debt to Net Asset
P/B: Price to Book
Div: Dividend
9M17: 9 months of FY2017
1H17: First half of FY2017



Jun[5] - Market Updates

US:
NASDAQ has been weakening since week before. Price moved below moving average of 10 days for last whole week. Recent correction phase affected trading sentiment among local listed technology related stocks as well.

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

Saturday, June 10, 2017

Chart[49] - Talkmed

The counter has been falling in price since it paid out dividend and also 1 to 1 bonus. The downward trend might have changed since buyer interest rose last week. Significant volume pushed it through 0.78 which formed immediate support. Shall buying interest continue, it would test next resistance 0.84. Current trend suggests consolidation in progress.

Friday, June 9, 2017

Jun[4] - REIT Factsheet

NPI: Net Properties Income
yoy: Year on Year comparison
DPU: Distribution Income Per Unit
Aggregate Leverage: Debt Ratio
Interest Coverage: Ratio between interest incurred from loan and earning
Dividend Yield: Dividend paid per share divided by share price

Counters with low debt and high yield are highlighted in yellow.


Jun[3] - Market Updates

Crude Oil:
Oil price has been moving within downward channel as below. Last trading day saw it hanging around immediate support ~ 45.8. Baker Hughes result revealed rising active rig counts more than 20 weeks in a row.
Trade on rebounding Oil: Oil ETF (ticker: DBO)
Trade on falling Oil: Inverse Oil ETF (ticker: SCO)

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

Sunday, June 4, 2017

Chart[48] - Hanwell

The counter rebounded from support 0.275 with strong volume on last trading day. Shall buying interest continue, its could head to to resistance ~ 0.33, follow by 0.36.

Saturday, June 3, 2017

Jun[2] - Yield Hunting (STI Constituents)

Following counters were shortlisted among STI constituents because of their strong cash or cashflow position as well as high dividend yield > 4%.

ComfortDelgro: Over past three years, the public transport operator saw its price peak ~ 3.2, and bottom ~ 2.36. Operating in utility sector, it's dividend growth rate is attractively > 8% annually. Current trading price translates to dividend yield ~ 4.3%. Major downside risk came from Taxi segment which is facing stiff competition from Uber and Grab. However second half of 2017 could see more contribution from rail segment since Downtown line stage III shall commence on 2017Q4. Another price catalyst is potential fare price review by Public Transport Council.

http://www.straitstimes.com/singapore/transport/public-transport-council-starts-review-of-fare-formula-ptc-chairman-says-service

SingTel: The leading domestic Telco has been consistently trading between 3.4 to 4.5 over past 5 years. Recent downfall was due to stiffer competition from both local and overseas market. The company has been raising stakes on overseas business, so as to ease up margin pressures from SG market. Market watcher Gartner expected that worldwide expenditure on information security is expected to grow 7.6% yoy to USD90b in 2017 and reach USD113b by 2020. Singtel has been position to benefit from the trend through its exposure from business entities: Trustwave, Amobee and DataSpark. Upcoming >$2b worth of IPO of Netlink could bring special dividend to shareholders. Current shares price translates to dividend yield > 4.4%, excluding potential special dividend.

http://www.businesstimes.com.sg/companies-markets/singtel-gets-nod-from-sgx-for-netlink-trust-listing

ST Engineering: The local defense and engineering group saw its shares price surging in beginning of 2017. Price has been range bouncing between 3.62 to 3.85, which translates to dividend yield ~ 4%. Project order book on latest quarter reached 13b, which is around record high level. The majority sales to US originated from US-based facilities, so it shall be benefited from Trump's proposed tax cut as well as potential higher military defense budget.

Jun[1] - Market Updates

US:
S&P500 has hit all time high. Bearish traders could use inverse ETF (SDS, listed on NYSE) to position for potential correction. On Coming week, we have UK General Election (8 June) and and ECB Monetary policy decision.

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