Chart[56] - ISOTeam

The counter broke up from down sliding channel as shown on upper chart below.

Zooming into shorter time frame, some significant buying volume entered the counter on last trading day. Shall buying interest continue and break up from immediate resistance 0.37, next resistance could be 0.4.

Jul[12] - Financial Highlights - Trust

The following counters released respective latest financial results last week. A summary is provided.
Ascendas REIT, Frasers Logistics & Industrial Trust (FLT), Frasers Hospitality Trust, Mapletree Greater China Commercial Trust (MGCCT), Mapletree Logistics Trust (MLT), Starhill Global REIT, Viva Industrial Trust.

Jul[11] - Financial Highlights - Companies

The following counters released respective latest financial results last week. A summary is provided.
Citic Envirotech, China Aviation Oil, Japfa, OCBC, Sembco Marine, SGX, Sheng Siong, SIA, SIA Eng

Jul[10] - Market Updates

Singapore: 
Last week STI hit 3355 which was year to date peak. Following sell down on US on Thursday, STI retreated on last Friday. It formed triple top break up on mid July. Shall the index continue to fall, 3271 would serve as support. Janet Yellen hinted potential cut of balance sheet on coming September meeting. Market liquidity is deemed to be shrinking ahead, so investor is advised to take profit from existing portfolio on current bull run.

Market Calendar on coming week:
In the US, the most important events will be nonfarm payrolls, balance of trade and ISM PMIs. Elsewhere, the BoE will announce its interest rate decision and the Eurozone will release GDP growth
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan). 

Chart[55] - Cogent

The counter saw strong buying volume on last trading day. Looking backwards, the price has been consolidating between 0.735 to 0.86. No significant selling volume in the period.

Zooming into the last three month activity as snapshot below. Price might face resistance ~ 0.8 to 0.81 when moving ahead. Shall buying interest continue, trader could target 0.86 as exit price.

Jul[9] - Financial Highlights - Trust

The following counters released respective latest financial results last week. A summary is provided.
Cache Logistics Trust, Capitaland Commercial Trust (CCT), Capitaland Mall Trust (CMT), First REIT, Keppel DC REIT and Keppel REIT.

Jul[8] - Financial Highlights - Companies

The following counters released respective latest financial results last week. A summary is provided.
M1, HPH Trust, Keppel Co, Keppel T&T, SATS and Triyards.

Jul[7] - Market Updates

Singapore: 
Last trading day saw STI closing 3315, which is 2017 peak. Looking forward, 3550 (peak since 2009) could be major resistance ahead. Looking backwards, the rally could be longest stretch over past 9 years also. There is a long list of financial results to be released on coming week, which could determine market sentiment. A meeting among top oil producing nations next week could affect mid term movement of oil price as well.

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

Chart[54] - CNMC Goldmine

The counter has been range bouncing between 0.255 to 0.305 for last two months. Price tended few times to break up higher with high volume as circled below. Shall buying interest come again, it shall test 0.305 and above. Immediate support 0.265.

Jul[6] - Financial Highlights

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

Jul[5] - Market Updates

Singapore: 
On last trading day, STI broke up from its consolidation zone (3200-3275). The movement is in sync with DOW Jones which hovers around new record high. ~3350 could be next resistance. Following days will see latest results among listed companies.

Market Calendar on coming week:
In the US, investors will be closely watching housing starts, building permits and the NAHB housing index. In Asia, the most important data includes China GDP growth, industrial production and retail sales; and the BoJ monetary policy decision. The ECB will also announce its interest rate decision and the UK will release inflation and retail sales.

(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan). 

Chart[53] - ComfortDelgro

The counter has been down falling since early May. Two years support 2.37 was broken on end June. Price finally found some support ~ 2.22. On last trading day, the counter rebounded with quite significant buying volume. It might suggest a pause from recent free falling. 2.37 has become new resistance shall rebound continue.

Jul[4] - Silverlake Axis (Proxy to Fintech)

COUNTER: SILVERLAKE AXIS LTD

OVERVIEW:
Headquartered in Malaysia, the counter is a provider of digital economy solutions and services for major organizations in Banking, Insurance, Payment, Retail & Logistics industries. Over 40% of the top 20 largest banks in South-East Asia running it's core banking solution. Today it has become core system partner of choice for 3 of the 5 largest ASEAN super regional financial institutions.

HIGHLIGHTS:
[1]  Last quarter saw gross profit down 24% year on year, due to slowdown of customers' capital expenditures and the completion of higher value contracts on same quarter last year. However, maintenance and enhancement saw improvement of 21% year on year. This segment contributes > 50% of total revenue.

[2] Management indicated that contracts secured in early of 2017 shall start contribution from coming quarter onward.

[3] It has negligible debt gearing. Net cash inflow at RM271m for 9M2017. 

INVESTMENT THEMES:
[1] 9M2017 Earning per shares - RM0.307 || Dividend > 0.028
Last trading price, 0.595 translates to dividend yield ~ 4.7%

[2] 9M2017 registered gain of RM477m from shares disposal in its associates. Entitlement for relevant special interim dividend at 0.013 per share will expire on coming Monday (10 July). Hunting opportunity might appear.

[3] It has won a series of new projects recently, including banking customer in Thailand. New projects revenue shall improve on coming quarters.

PRICE TREND:
Price is edging towards resistance ~ 0.6, with immediate support ~ 0.58. Shall it break through, next resistance shall be ~ 0.62/0.64

 

Jul[3] - Market Updates

Singapore:
STI has been range bouncing for longest period for year to date. Immediate support 3189 and resistance 3267. Movement is within 5%. Coming quarter result shall decide its next movement channel. Investor could buy into STI ETF to ride on the trend.

Market Calendar on coming week:
In the week ahead, investor will be closely watching the Fed Yellen testimony before Congress, inflation and industrial production in US. G20 summit is taking place in Hamburg, Germany this weekend. In Singapore, listed companies is going to release respective Q2 earning report.

(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).