~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
Monday, December 31, 2018
Chart[98] - SIA Eng
The counter has been selling down 20% since last Nov. As shown on first chart below, buying interest could be back on last Friday. It actually bounced up strongly from 2.24 with significant volume. Looking into second chart, the counter already fell to the level on financial crisis period ~ 2009.
~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
~ 2.2 formed immediate support for current downtrend. Shall buying interest continue, 2.46 would be immediate resistance. Valuation looks attractive with 5% dividend yield. Net cash > $400m.
Jan[1] - Market Updates
US:
Due to downfall of 20% from recent peak, both S&P500 and NASDAQ have entered bear market officially before Christmas. DOW Jones pulled its brake just around that boundary, but broke down from its long term support on 200 days moving average (blue line) miserably as shown below. Looking backwards, similar scenario happened on 2015 as highlighted in orange.
The 10 years bull has came to a rest. It would be everyone's guess for its next move. As uncertainty is the only norm in market, investors shall exercise careful measures for his investment decision as always. Over-worried on big crash might end up missing opportunity. Let your money work harder is always one way leading towards financial freedom.
Due to downfall of 20% from recent peak, both S&P500 and NASDAQ have entered bear market officially before Christmas. DOW Jones pulled its brake just around that boundary, but broke down from its long term support on 200 days moving average (blue line) miserably as shown below. Looking backwards, similar scenario happened on 2015 as highlighted in orange.
The 10 years bull has came to a rest. It would be everyone's guess for its next move. As uncertainty is the only norm in market, investors shall exercise careful measures for his investment decision as always. Over-worried on big crash might end up missing opportunity. Let your money work harder is always one way leading towards financial freedom.
Tuesday, December 25, 2018
Dec[5] - Market Updates
Singapore:
General definition for bear market refers to 20% plunge from recent peak of any index. Two major indices from US, S&P500 and NASDAQ entered the bear territory one after one since last Friday. STI has been suffering selling headwind since mid of the year, but still shy away from its bear market boundary ~ 2890. 2960 serves as immediate support, which could be tested soon, shall US market continue to sell down.
Most investors have been waiting for bargain hunting window in bear market. STI ETF actually provide one of the most convenient and less risky means. It tracks STI movement which actually derive its price among 30 companies. While waiting for market turn back into bullish phase, shareholders are entitled for dividend as well. Chart below shows how the STI ETF has been moving since oil crisis 2016 till now.
General definition for bear market refers to 20% plunge from recent peak of any index. Two major indices from US, S&P500 and NASDAQ entered the bear territory one after one since last Friday. STI has been suffering selling headwind since mid of the year, but still shy away from its bear market boundary ~ 2890. 2960 serves as immediate support, which could be tested soon, shall US market continue to sell down.
Most investors have been waiting for bargain hunting window in bear market. STI ETF actually provide one of the most convenient and less risky means. It tracks STI movement which actually derive its price among 30 companies. While waiting for market turn back into bullish phase, shareholders are entitled for dividend as well. Chart below shows how the STI ETF has been moving since oil crisis 2016 till now.
Friday, December 14, 2018
Chart[97] - Sunningdale
The counter price rose with significant volume on last two trading days as refer to first chart below. Price closed below resistance ~ 1.52. Looking its two years price range in second chart, current price is in lower range. Shall it break up from 1.52, it could try to fill up trading gap up to 1.71. A trading opportunity could be presenting.
[1] https://www.theedgesingapore.com/sunningdale-says-prefers-focus-fundamentals-response-quarz
[2] https://research.sginvestors.io/2018/12/sunningdale-tech-uob-kay-hian-research-2018-12-12.html
[1] https://www.theedgesingapore.com/sunningdale-says-prefers-focus-fundamentals-response-quarz
[2] https://research.sginvestors.io/2018/12/sunningdale-tech-uob-kay-hian-research-2018-12-12.html
Dec[4] - Market Updates
US:
DOW Jones continued to sell down last week. Support ~ 24300 already given way, 2018 bottom ~ 23500 poised to be tested next week. Chart formation from last Sep repeated what happened from last Jan to Mar. It would be interesting to see whether the boundary line would be broken this time. FOMC next week Tuesday could be decisive factor for market direction on next year.
DOW Jones continued to sell down last week. Support ~ 24300 already given way, 2018 bottom ~ 23500 poised to be tested next week. Chart formation from last Sep repeated what happened from last Jan to Mar. It would be interesting to see whether the boundary line would be broken this time. FOMC next week Tuesday could be decisive factor for market direction on next year.
Friday, December 7, 2018
Dec[3] - Hong Leong Finance
BUSINESS:
[1] With over 50 years of track record, the finance company has established network of 28 branches and 10 SME Centres island-wide.
[2] On last 9 months, it achieved net interest income, $158m, 25% up year on year. It's mainly due to rise in loan yield amid rising interest rate environment. 80% of loan book is related to domestic property market. Its branches have been actively writing HDB loans.
[3] MAS has been seeking to ease finance companies regulations, thereby improving business conditions.
HIGHLIGHTS:
[1] Current share price ~ 2.4 translates to 40% discount from book value. It has been consistent in paying annual dividend, 0.1 in the past. Due to improvement in earning this year, it paid 0.14, which translates to dividend yield is ~ 5%.
[2] The company have embarked on digital transformation journey. It wants to be an active participant in SG's smart nation and cashless society push.
CHART:
The price shot up > 20% when MAS announced financial de-regulations on Feb 2017. It hit highest ~ 2.84. Current price is around two years low. Trading activities is low for the moment.
[1] With over 50 years of track record, the finance company has established network of 28 branches and 10 SME Centres island-wide.
[2] On last 9 months, it achieved net interest income, $158m, 25% up year on year. It's mainly due to rise in loan yield amid rising interest rate environment. 80% of loan book is related to domestic property market. Its branches have been actively writing HDB loans.
[3] MAS has been seeking to ease finance companies regulations, thereby improving business conditions.
HIGHLIGHTS:
[1] Current share price ~ 2.4 translates to 40% discount from book value. It has been consistent in paying annual dividend, 0.1 in the past. Due to improvement in earning this year, it paid 0.14, which translates to dividend yield is ~ 5%.
[2] The company have embarked on digital transformation journey. It wants to be an active participant in SG's smart nation and cashless society push.
CHART:
The price shot up > 20% when MAS announced financial de-regulations on Feb 2017. It hit highest ~ 2.84. Current price is around two years low. Trading activities is low for the moment.
Dec[2] - Market Updates
US:
DOW Jones were rallying before G-20 meeting last weekend. Surprisingly, it peaked while market were cheerful about trade truce between US and China on last Monday. Downfall accelerated afterwards. Arrest of Huawei's CFO and yield curve inversion were catching market attention this week. Such a drama week proved again that uncertainty is the only certainty in market. Two weeks later will be last meeting among US Federal Reserve on 2018. Monetary policy for 2019 should be the major concern.
~ 24300 will be immediate support for DOW. Shall it broken, next stronger support would be ~ 23500. If this is broken also, more downside shall be ahead.
Relevant News:
[1] https://www.bloomberg.com/news/articles/2018-12-06/huawei-cfo-arrest-pursued-by-u-s-despite-risk-to-xi-trade-talks
[2] https://www.bloomberg.com/opinion/articles/2018-12-05/inverted-yield-curve-will-fed-act-to-avoid-recession
[3] https://www.bloomberg.com/news/articles/2018-12-06/powell-says-u-s-labor-market-very-strong-by-many-measures
DOW Jones were rallying before G-20 meeting last weekend. Surprisingly, it peaked while market were cheerful about trade truce between US and China on last Monday. Downfall accelerated afterwards. Arrest of Huawei's CFO and yield curve inversion were catching market attention this week. Such a drama week proved again that uncertainty is the only certainty in market. Two weeks later will be last meeting among US Federal Reserve on 2018. Monetary policy for 2019 should be the major concern.
~ 24300 will be immediate support for DOW. Shall it broken, next stronger support would be ~ 23500. If this is broken also, more downside shall be ahead.
Relevant News:
[1] https://www.bloomberg.com/news/articles/2018-12-06/huawei-cfo-arrest-pursued-by-u-s-despite-risk-to-xi-trade-talks
[2] https://www.bloomberg.com/opinion/articles/2018-12-05/inverted-yield-curve-will-fed-act-to-avoid-recession
[3] https://www.bloomberg.com/news/articles/2018-12-06/powell-says-u-s-labor-market-very-strong-by-many-measures
Saturday, December 1, 2018
Chart[96] - Headwind Ahead
On last trading days, several counters saw price down with significant transaction volume. It could indicate that sellers are gaining strength ahead. Let look into individual charts below:
Keppel Co: Price briefly broke support 6.08 on last trading day. It hit lowest price for year to date. Next stronger support could be ~ 5.76. Further the price falls, it translates to bigger discount from net tangible value 6.22.
UOL: Failing to challenge resistance ~ 6.4, the counter fell 2% with one of the its highest volume for year to date. Immediate support is 6, which translates to 50% discount from net tangible value and 3% dividend yield. Shall this been broken, next stronger support is around 5.5
Wilmar: The counter has been falling in price with rising volume over last few trading days. It could soon challenge 2018 support 2.97 which translates to 1.2x net tangible value. Shall this been broken, next stronger support is ~ 2.65. Market has been speculating about special dividend from the counter shall its IPO plan in China succeeds in next year.
Keppel Co: Price briefly broke support 6.08 on last trading day. It hit lowest price for year to date. Next stronger support could be ~ 5.76. Further the price falls, it translates to bigger discount from net tangible value 6.22.
UOL: Failing to challenge resistance ~ 6.4, the counter fell 2% with one of the its highest volume for year to date. Immediate support is 6, which translates to 50% discount from net tangible value and 3% dividend yield. Shall this been broken, next stronger support is around 5.5
Wilmar: The counter has been falling in price with rising volume over last few trading days. It could soon challenge 2018 support 2.97 which translates to 1.2x net tangible value. Shall this been broken, next stronger support is ~ 2.65. Market has been speculating about special dividend from the counter shall its IPO plan in China succeeds in next year.
Friday, November 30, 2018
Dec[1] - Market Updates
Oil:
Crude Oil has been down ~ 30% since early October. An upward trend line (in blue) was broken. Current price found soft support ~ 50. Shall down swing persist, next stronger support could be ~ 43 (in brown). The sharp fall was triggered by ever rising production from Saudi and US. Sanction on Iran saw some countries being exempted for 6 more months.
Such a big fall could pave the way for strong rebound in near future. Meeting among OPEC and Russia will take place on early Dec. Geographical tension could simulate buyer's interest into the black gold as well. Trader could take position by following ETF which track movement of oil price.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Crude Oil has been down ~ 30% since early October. An upward trend line (in blue) was broken. Current price found soft support ~ 50. Shall down swing persist, next stronger support could be ~ 43 (in brown). The sharp fall was triggered by ever rising production from Saudi and US. Sanction on Iran saw some countries being exempted for 6 more months.
Such a big fall could pave the way for strong rebound in near future. Meeting among OPEC and Russia will take place on early Dec. Geographical tension could simulate buyer's interest into the black gold as well. Trader could take position by following ETF which track movement of oil price.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Friday, November 23, 2018
Nov[7] - Fu Yu (Cash Cow for You)
BUSINESS:
[1] The company is now one of the largest manufacturer and supplier of high-precision injection mould and plastic parts in Asia. With plants in China, Malaysia, SG, it's serving wide range of sectors such as telecommunication, automotive, medical, etc.
[2] It's net income is on track to beat 14mil which was the peak of past 5 years. The earning growth mainly due to expansion in automotive, medical and consumer segments.
[3] Benefited from rising USD, due to majority of topline is in US currency.
HIGHLIGHTS:
[1] It has net cash 77mil, which translates to 0.1026 per share. Consistent dividend paid 0.016, ~ 8.8% yield.
[2] Last trading price 0.18 translates P/B ~ 0.8. Considering current attractive valuation, it could be potential privatization target.
[3] Downside risk could be worsening trade war between US-China.
CHART:
The counter has been trading below it's book value 0.216 for year to date. ~ 30% lower than it's peak ~ 0.26 on FY2017. Last 5 months saw the price moving in narrow range. Accumulation on weakness~
[1] The company is now one of the largest manufacturer and supplier of high-precision injection mould and plastic parts in Asia. With plants in China, Malaysia, SG, it's serving wide range of sectors such as telecommunication, automotive, medical, etc.
[2] It's net income is on track to beat 14mil which was the peak of past 5 years. The earning growth mainly due to expansion in automotive, medical and consumer segments.
[3] Benefited from rising USD, due to majority of topline is in US currency.
HIGHLIGHTS:
[1] It has net cash 77mil, which translates to 0.1026 per share. Consistent dividend paid 0.016, ~ 8.8% yield.
[2] Last trading price 0.18 translates P/B ~ 0.8. Considering current attractive valuation, it could be potential privatization target.
[3] Downside risk could be worsening trade war between US-China.
CHART:
The counter has been trading below it's book value 0.216 for year to date. ~ 30% lower than it's peak ~ 0.26 on FY2017. Last 5 months saw the price moving in narrow range. Accumulation on weakness~
Nov[6] - Market Updates
US:
DOW Jones has been weakening ever since hitting historical high on late Sep. Last rally on Nov ended lower, so a lower high formation was formed. Immediate support 24000 would be tested on coming week. Major support is ~ 23600. Shall both supports give way to the bear in forming, more downside could be seen. Recent plummet of oil price accelerated downfall of market. The last FOMC on year end shall be drawing more attention.
DOW Jones has been weakening ever since hitting historical high on late Sep. Last rally on Nov ended lower, so a lower high formation was formed. Immediate support 24000 would be tested on coming week. Major support is ~ 23600. Shall both supports give way to the bear in forming, more downside could be seen. Recent plummet of oil price accelerated downfall of market. The last FOMC on year end shall be drawing more attention.
Saturday, November 17, 2018
Nov[5] - Golden Energy ("Coal" Star)
BUSINESS:
[1] Golden Energy and Resources Limited is 4th largest coal reserve player in Indonesia. It collectively own the right to mine 2.7mil tones of thermal coal resources with coal reserves of more than 1022MT as of 2017.
[2] It's earning has been growing in double digits year on year since 2017, on the back of strong growth in both coal mining and trading divisions.
HIGHLIGHTS:
[1] Debt gearing ~ 53% with insignificant interest expenses.
[2] Company announced interim dividend 0.0139 for last quarter which is equivalent to 5% dividend yield based on last trading price. It announced 0.01 as dividend for first quarter as well. Management has been generous to share growing cash balance with shareholders.
[3] Current valuation is attractive: P/E ~ 7, P/B ~ 1.3
[4] Earning for next quarter is expected to be supported by rising investment into coal and mineral sector by Indonesia government as well as higher export to China.
CHART:
Share price surged upon latest results announcement. Transaction volume was significant ever since. Coming Monday will be expiry of dividend entitlement. Shall buying volume continue, next resistance could be 0.33.
[1] Golden Energy and Resources Limited is 4th largest coal reserve player in Indonesia. It collectively own the right to mine 2.7mil tones of thermal coal resources with coal reserves of more than 1022MT as of 2017.
[2] It's earning has been growing in double digits year on year since 2017, on the back of strong growth in both coal mining and trading divisions.
HIGHLIGHTS:
[1] Debt gearing ~ 53% with insignificant interest expenses.
[2] Company announced interim dividend 0.0139 for last quarter which is equivalent to 5% dividend yield based on last trading price. It announced 0.01 as dividend for first quarter as well. Management has been generous to share growing cash balance with shareholders.
[3] Current valuation is attractive: P/E ~ 7, P/B ~ 1.3
[4] Earning for next quarter is expected to be supported by rising investment into coal and mineral sector by Indonesia government as well as higher export to China.
CHART:
Share price surged upon latest results announcement. Transaction volume was significant ever since. Coming Monday will be expiry of dividend entitlement. Shall buying volume continue, next resistance could be 0.33.
Nov[4] - Market Updates
Oil:
Crude oil showed sign of rebound from support 55. US has been building oil stocks over past few weeks, but OPEC has also signaled potential production cut for meeting on coming Dec. As one of the volatile commodity, trader could utilize following ETF for potential up and down swing of oil price. Shall price swings up, 64 could be immediate resistance.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Crude oil showed sign of rebound from support 55. US has been building oil stocks over past few weeks, but OPEC has also signaled potential production cut for meeting on coming Dec. As one of the volatile commodity, trader could utilize following ETF for potential up and down swing of oil price. Shall price swings up, 64 could be immediate resistance.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Friday, November 9, 2018
Nov[3] - Market Updates
Oil:
Crude oil broken support ~ 60 on last trading day. Shall downfall persist, next stronger support would be ~ 55. US shale companies have be ramping up production. Although Iran was banned from exporting crude, US announced waiver for few major importer countries. Technically price could rebound anytime. 64 shall be resistance. ahead. Trader could take position by following ETF on such swinging and volatile condition of oil.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar:
Crude oil broken support ~ 60 on last trading day. Shall downfall persist, next stronger support would be ~ 55. US shale companies have be ramping up production. Although Iran was banned from exporting crude, US announced waiver for few major importer countries. Technically price could rebound anytime. 64 shall be resistance. ahead. Trader could take position by following ETF on such swinging and volatile condition of oil.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar:
Nov[2] - REIT Screening
The following table lists down all REIT counters with following measures:
Div Yld in %: Dividend yield
P/BV: Price to Book Value
Price vs High in %: Current price vs 52 weeks High
D/E in %: Debt to Equity
Growth 3y in %: 3 years Revenue Growth
Considering borrowing cost would be in rising path, lower debt is the top criteria to for shortlisting REIT. Following four counters were selected because of respective D/E less than 50%. Generally, all of them have been declining from 52 weeks high. Investors could set accumulation price based on individual risk investment objective.
ESR - REIT:
Upon consolidation with Viva Industrial Trust, it emerged as 4th largest industrial REIT which could benefit from widely expected bottoming of SG industrial market. The synergy would take time to realize. 7% yield looks attractive.
Mapletree Industrial REIT:
Another industrial REIT which used to deliver stable distribution. Newly completed assets in Kallang contributed to higher earning ahead. Besides lower debt gearing, 74% of borrowing is in fixed rate.
SPH REIT:
The counter has been pretty stable in shares price since IPO, benefiting from its mature assets in portfolio. Newly acquisition of Rail Mall strengthen its food & beverage offering with the location benefit. Market is still waiting for its inclusion of Seletar Mall which might take longer time than expected. It could prove to be next price catalyst
Keppel DC REIT:
Being one of the top favorite REIT, it delivered strongest earning growth over the years. Its assets is in high demand and high entry-barrier sector. Its dip in price used to attract attention of buyers. It has just signed agreement Macquare Telecom (MT) for construction of new data center in Sydney. The latter would become tenant for 20 years master leases.
Reference:
[1] https://research.sginvestors.io/2018/06/esr-reit-cgs-cimb-research-2018-06-01.html
[2] https://www.theedgesingapore.com/will-strong-fundamentals-shield-mapletree-industrial-trust-market-headwinds?fbclid=IwAR1jYOVyrG10pkG4q4S0KgT7Xh2mQ8fMBN6X6k-Lcduxt205_reQ0LrNOIQ
[3] https://research.sginvestors.io/2018/10/sph-reit-dbs-group-research-2018-10-12.html
[4] https://www.theedgesingapore.com/keppel-dc-reit-kept-%E2%80%98buy%E2%80%99-positive-outlook-aum-growth-healthy-operating-stats?fbclid=IwAR3F3AitC4R1WWFdFyhzLGi2RxNBNyEPvBwWnDzuVU1TBnEY6pr6HnU-Q54
Div Yld in %: Dividend yield
P/BV: Price to Book Value
Price vs High in %: Current price vs 52 weeks High
D/E in %: Debt to Equity
Growth 3y in %: 3 years Revenue Growth
Considering borrowing cost would be in rising path, lower debt is the top criteria to for shortlisting REIT. Following four counters were selected because of respective D/E less than 50%. Generally, all of them have been declining from 52 weeks high. Investors could set accumulation price based on individual risk investment objective.
ESR - REIT:
Upon consolidation with Viva Industrial Trust, it emerged as 4th largest industrial REIT which could benefit from widely expected bottoming of SG industrial market. The synergy would take time to realize. 7% yield looks attractive.
Mapletree Industrial REIT:
Another industrial REIT which used to deliver stable distribution. Newly completed assets in Kallang contributed to higher earning ahead. Besides lower debt gearing, 74% of borrowing is in fixed rate.
SPH REIT:
The counter has been pretty stable in shares price since IPO, benefiting from its mature assets in portfolio. Newly acquisition of Rail Mall strengthen its food & beverage offering with the location benefit. Market is still waiting for its inclusion of Seletar Mall which might take longer time than expected. It could prove to be next price catalyst
Keppel DC REIT:
Being one of the top favorite REIT, it delivered strongest earning growth over the years. Its assets is in high demand and high entry-barrier sector. Its dip in price used to attract attention of buyers. It has just signed agreement Macquare Telecom (MT) for construction of new data center in Sydney. The latter would become tenant for 20 years master leases.
Reference:
[1] https://research.sginvestors.io/2018/06/esr-reit-cgs-cimb-research-2018-06-01.html
[2] https://www.theedgesingapore.com/will-strong-fundamentals-shield-mapletree-industrial-trust-market-headwinds?fbclid=IwAR1jYOVyrG10pkG4q4S0KgT7Xh2mQ8fMBN6X6k-Lcduxt205_reQ0LrNOIQ
[3] https://research.sginvestors.io/2018/10/sph-reit-dbs-group-research-2018-10-12.html
[4] https://www.theedgesingapore.com/keppel-dc-reit-kept-%E2%80%98buy%E2%80%99-positive-outlook-aum-growth-healthy-operating-stats?fbclid=IwAR3F3AitC4R1WWFdFyhzLGi2RxNBNyEPvBwWnDzuVU1TBnEY6pr6HnU-Q54
Saturday, November 3, 2018
Chart[95] - HongKongLand
The counter has been falling in price since mid 2018. Current price represents ~ 30% down from 2018 peak. It's price rebounded with significant volume on last trading day. Shall next resistance 6.17 been broken, trader could set target price as far as 6.68.
Zooming out to longer time frame, current price is pretty close to its 6 years support ~ 5.6 to 5.8. Considering current valuation ~ 0.4 P/B, bargain hunter should appear soon.
Nov[1] - Market Updates
Singapore:
Ahead of US mid term election next week, there was mix of voice from US regarding its stance on trade deal with China. Overwhelmed by optimism, regional market were riding on small rally till end of last trading day. STI rebounded strongly from it's 3 years support ~ 2966. It's still early to judge whether bear run ended. Investor shall take the opportunity to reshuffle portfolio.
Market Updates:
Ahead of US mid term election next week, there was mix of voice from US regarding its stance on trade deal with China. Overwhelmed by optimism, regional market were riding on small rally till end of last trading day. STI rebounded strongly from it's 3 years support ~ 2966. It's still early to judge whether bear run ended. Investor shall take the opportunity to reshuffle portfolio.
Market Updates:
Friday, October 26, 2018
Oct[4] - Banks Screening
Local banks have been falling ~20 to 30% from respective peak of share price this year. In fact, they led the recent down sliding of entire market. Historical mean value for bank shares is about 1.5 P/B (Price to Book) of which have been exceeded on mid of this year. Bank shares fall below Book Value during crisis period, such as 1999, 2009 and 2016 as shown below.
Latest update on valuation of banks are below.
UOB just released it's earning last week. NAV and RNAV reached 20.78/share and 23.64/share with 5% improve year to year. DBS and OCBC will give respective announcement on 5 Nov and 1 Nov. It's everyone guess whether we are coming to any stock market crisis period. From perspective of valuation, recent plummet across bank shares deserve some attention of investors. OCBC was selected for showing price valuation chart below. Support at 10.87 already broken, bargain hunter could back anytime soon.
Oct[3] - Market Updates
Singapore:
STI formed a triple top break up on 2016. Since Trump was elected as president, market has been charging forward in full gear. Recent sell down brought STI back to where it began. Shall 2960 been broken, more downside could be seen. STI ETF would be one useful instrument for long term investor in such a market condition. Investors could collect dividend while waiting for next rally. Dollar cost averaging is recommended so not to miss any opportunity of catching bottom.
Market Calendar:
STI formed a triple top break up on 2016. Since Trump was elected as president, market has been charging forward in full gear. Recent sell down brought STI back to where it began. Shall 2960 been broken, more downside could be seen. STI ETF would be one useful instrument for long term investor in such a market condition. Investors could collect dividend while waiting for next rally. Dollar cost averaging is recommended so not to miss any opportunity of catching bottom.
Market Calendar:
Saturday, October 20, 2018
Oct[2] - Market Updates
US:
US market is experiencing the return of volatility which is exactly the same as early 2018. Rising interest rate and falling of 10 years bond price have shaken market confidence. DOW JONES found some support ~ 25000 last week. ~ 23500 would serve as major support for current correction. Interesting to see there is not any strong support from 23500 to 18000. The bear seems to be gaining strength for now.
Market Calendar:
US market is experiencing the return of volatility which is exactly the same as early 2018. Rising interest rate and falling of 10 years bond price have shaken market confidence. DOW JONES found some support ~ 25000 last week. ~ 23500 would serve as major support for current correction. Interesting to see there is not any strong support from 23500 to 18000. The bear seems to be gaining strength for now.
Market Calendar:
Friday, October 19, 2018
Chart[94] - Man Oriental
The counter hit its 1 year peak ~ 2.7 on last June. Thereafter, its price has been free falling about 30%. Last two weeks saw price edging up with rising transaction volume. Buying interest could be gathering pace on the counter for the moment. Shall immediate resistance 2.03 been cleared. more upside could be seen. If support 1.75 fails to hold, downtrend would resume.
Relevant News:
[1] https://www.theedgesingapore.com/mandarin-oriental-hits-south-america-amid-new-hotel-push
[2] https://www.theedgesingapore.com/excelsior-hong-kong-close-end-march-us650-mil-redevelopment
Relevant News:
[1] https://www.theedgesingapore.com/mandarin-oriental-hits-south-america-amid-new-hotel-push
[2] https://www.theedgesingapore.com/excelsior-hong-kong-close-end-march-us650-mil-redevelopment
Friday, October 12, 2018
Oct[1] - Market Updates
Singapore:
STI has lost > 6% over last week. Trend is looking down although small rebound on last trading day. On coming weeks, market could shift attention to latest earning performance among listed companies. Considering volatile condition especially in US, investors are advised to reshuffle portfolio shall STI goes into small rally again.
Market Calendar:
STI has lost > 6% over last week. Trend is looking down although small rebound on last trading day. On coming weeks, market could shift attention to latest earning performance among listed companies. Considering volatile condition especially in US, investors are advised to reshuffle portfolio shall STI goes into small rally again.
Market Calendar:
Chart[93] - ThaiBev
The counter has been moving in downward channel since late 2017 as shown on first chart. There was a small rally in price since mid September but failed to break up the from channel still.
Zooming into the chart, price actually fell with small volume last week. Last trading day saw a rebound instead. Shall it clear resistance 0.66, 0.71 is worth for waiting. Downtrend would persist if price fall back support ~ 0.61 again.
Saturday, September 29, 2018
Chart[92] - Clearbridge
The counter broke up from 2 months resistance ~ 0.26 on last trading day Buying volume was significant. Shall buying interest maintain, next target price shall be 0.3 Current price is still below its IPO debut price on end of 2017 and ~ 70% discount from its peak. The downtrend since last April has paused for the moment.
Relevant News:
[1] https://www.theedgesingapore.com/clearbridge-health-rides-chinas-biotech-boom-cancer-diagnostic-spinoff
[2] http://infopub.sgx.com/FileOpen/Clearbridge%20Health_Corporate%20Presentation%20Q2%20and%206M%20FY2018.ashx?App=Announcement&FileID=521612
Relevant News:
[1] https://www.theedgesingapore.com/clearbridge-health-rides-chinas-biotech-boom-cancer-diagnostic-spinoff
[2] http://infopub.sgx.com/FileOpen/Clearbridge%20Health_Corporate%20Presentation%20Q2%20and%206M%20FY2018.ashx?App=Announcement&FileID=521612
Sep[7] - Market Updates
Oil:
Crude oil has been rallying in price for past two weeks. The major catalyst would be sanction imposed on oil export from Iran on Nov. Current price is approaching to 75 which is peak since 2016. OPEC and Non OPEC have been increasing production in fact. It would be interesting to see whether the resistance could be breached on coming week. Trader could trade take advantage on such volatile movement from oil price by following ETF:
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Crude oil has been rallying in price for past two weeks. The major catalyst would be sanction imposed on oil export from Iran on Nov. Current price is approaching to 75 which is peak since 2016. OPEC and Non OPEC have been increasing production in fact. It would be interesting to see whether the resistance could be breached on coming week. Trader could trade take advantage on such volatile movement from oil price by following ETF:
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Saturday, September 22, 2018
Chart[91] - SIA
The counter landed at multiple years support ~ 9.5 following recent selling rout as shown on lower chart. On upper chart, price tends to form double bottom formation (W shape). Shall it break resistance 9.9, small rally could happen.
Sep[6] - Market Updates
Singapore:
STI strongly jumped up last week. 3250 could see some soft resistance. Next week the most important event will be the Fed monetary policy decision. US 10 years treasury yield has been staying above 3%. China just announced to cancel high level trade talk with US. Considering such situation, coming week could see some volatile movement again. Shall new support 3108 be breached, down trend could continue.
STI strongly jumped up last week. 3250 could see some soft resistance. Next week the most important event will be the Fed monetary policy decision. US 10 years treasury yield has been staying above 3%. China just announced to cancel high level trade talk with US. Considering such situation, coming week could see some volatile movement again. Shall new support 3108 be breached, down trend could continue.
Saturday, September 15, 2018
Sep[5] - HL Global Ent (Cash Asset at Discount $)
BUSINESS:
(1) The company operates in the hospitality operation and property development activities in Malaysia and the People's Republic of China. It's Copthorne Hotel Cameron Highlands (picture below) is the only hotel situated at the highest accessible point of the highlands.
(2) Last quarter saw higher revenue, due to recognition of $3m on the sales of land in Punggol. Net profit was 2m vs net loss on 2Q2017.
HIGHLIGHTS:
(1) The counter is in net cash 60m, which is more than its market capitalization based on current trading price ~ 0.42. It could simply privatize itself.
(2) It was removed from SGX watchlist last April due to continually improvement in earning. Shall earning momentum maintain, its net cash position could swell further.
CHART:
The highest trading price was 0.55 on 2018 Mar. It translates to price to book 0.65x. Last trading price ~ 0.42 was undoubtedly under further discount from asset value.
http://aspire.sharesinv.com/57453/si-research-three-companies-with-the-lowest-pe/
(1) The company operates in the hospitality operation and property development activities in Malaysia and the People's Republic of China. It's Copthorne Hotel Cameron Highlands (picture below) is the only hotel situated at the highest accessible point of the highlands.
(2) Last quarter saw higher revenue, due to recognition of $3m on the sales of land in Punggol. Net profit was 2m vs net loss on 2Q2017.
(1) The counter is in net cash 60m, which is more than its market capitalization based on current trading price ~ 0.42. It could simply privatize itself.
(2) It was removed from SGX watchlist last April due to continually improvement in earning. Shall earning momentum maintain, its net cash position could swell further.
CHART:
The highest trading price was 0.55 on 2018 Mar. It translates to price to book 0.65x. Last trading price ~ 0.42 was undoubtedly under further discount from asset value.
http://aspire.sharesinv.com/57453/si-research-three-companies-with-the-lowest-pe/
Sep[4] - Market Updates
US:
US 10 years treasury bond is treated as one of the safe heaven among financial market. On mid 2018, the bond yield ever hit 3% and above. It triggered small panic among market for the period, because high yield indicates that the bond is under selling pressure. Around early June, it fell below 3% and market slowly recovered as well. Interestingly, the bond yield surged and briefly paused below 3% again on last trading day. Looking at past 3 months, this is its 3rd attempt. Shall rising momentum continue, one wonder whether similar panic on mid 2018 could re-surface.
https://www.cnbc.com/2018/09/14/bond-market-beginning-to-believe-fed-key-interest-rates-jump.html
US 10 years treasury bond is treated as one of the safe heaven among financial market. On mid 2018, the bond yield ever hit 3% and above. It triggered small panic among market for the period, because high yield indicates that the bond is under selling pressure. Around early June, it fell below 3% and market slowly recovered as well. Interestingly, the bond yield surged and briefly paused below 3% again on last trading day. Looking at past 3 months, this is its 3rd attempt. Shall rising momentum continue, one wonder whether similar panic on mid 2018 could re-surface.
https://www.cnbc.com/2018/09/14/bond-market-beginning-to-believe-fed-key-interest-rates-jump.html
Saturday, September 8, 2018
Chart[90] - Big Boys Falling
The following counters lost respective few years support last week. Headwind is strong at the moment.
CityDev has been down falling in tandem with STI pace since mid 2018. Selling pressure accelerated upon announcement of new property cooling measure from local government. 9.22 was broken on last Monday. ~ 8 could be next support to be tested.
DBS lost its ground on mid week. Next support ~ 24. It has been among top selling target of institute's fund for the period. Downtrend could persist.
Keppel Co has been hovering around 6.56 for early last week but selling pressure prevailed in the end. Next support could be ~ 6.26. Worth to take note that current price is around net tangible asset value of the counter.
Singpost saw significant selling volume since early August. Support ~ 1.13 was broken last week. Next support ~1.03 shall be tested soon.
CityDev has been down falling in tandem with STI pace since mid 2018. Selling pressure accelerated upon announcement of new property cooling measure from local government. 9.22 was broken on last Monday. ~ 8 could be next support to be tested.
DBS lost its ground on mid week. Next support ~ 24. It has been among top selling target of institute's fund for the period. Downtrend could persist.
Keppel Co has been hovering around 6.56 for early last week but selling pressure prevailed in the end. Next support could be ~ 6.26. Worth to take note that current price is around net tangible asset value of the counter.
Singpost saw significant selling volume since early August. Support ~ 1.13 was broken last week. Next support ~1.03 shall be tested soon.
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