Saturday, January 27, 2018

Chart[77] - Jumbo

The counter broke up from resistance 0.63 with strong volume on few consecutive days last week. Shall buyer interest maintain, price could test next resistance ~ 0.67 soon.

Jan[8] - Financial Highlights

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

<Companies> M1, Keppel T&T, Keppel Co
<REITS> Ascendas REIT, Capitaland Commercial Trust (CCT), Capitaland Mall Trust (CMT), Frasers Commercial Trust (FCOT), Frasers Centerpoint Trust (FCT), Frasers Hospitality Trust (FHT), Frasers Logistic & Industrial Trust (FLT), Keppel DC REIT, Keppel REIT, Mapletree Commercial Trust (MCT), Mapletree Commercial Trust (MCOT), Mapletree Greater China Commercial Trust (MGCCT), Mapletree Industrial Trust (MIT), Mapletree Logistics Trust (MLT)


Jan[7] - Market Updates

Gold:  
Following weakening of USD, gold price has been riding on uptrend since early of 2018. It hit one year peak ~ 1358 last week. Next resistance would be ~ 1377 which is three years peak. Shall this be broken, more upside could be coming.

Gold ETF (NYSE: IAU)


Market Calendar on coming week:  
Next week, the most important event will be the Fed monetary policy decision. Other key data include: the US nonfarm payrolls, ISM Manufacturing PMI, personal spending and factory orders; the Eurozone GDP growth, inflation and unemployment; Japan unemployment; China manufacturing PMIs;
(SG: Singapore; CH: China; US: USA)

Friday, January 19, 2018

Chart[76] - Olam

The counter has been gathering buying interest since end of last Dec. Volume over last few weeks look significant than before as well. Price has been testing twice on 2.14. Shall buying interest increases and price rise above 2.14, trader could look forward to 2.26. Uptrend could fail if price fall below 2.

Jan[6] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided:
SGX, First REIT, Soilbuild REIT, Cache Logistics Trust


Jan[5] - Market Updates

Singapore:  
This week, STI closed at its peak post Lehman Brothers collapse (2008). Upward trend is intact. As old saying, one bird in hand is better than two in the bush, investor shall take opportunity to offload counter with high valuation. Correction phase shall be better entry. Most of the REIT are going to release earning results on coming weeks.

Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA)

Friday, January 12, 2018

Chart[75] - Mermaid Maritime

Following Crude Oil hitting its three years peak, the counter has been gathering more buying interest as well. It's price has broken resistance 0.131 on 2017 end. Next stronger resistance shall be 0.165. Shall 0.131 sustains well as support, trader could look up for further gain from the counter.

Jan[4] - Financial Highlights

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

Jan[3] - Market Updates

S-REIT Index (SGX):  
Interestingly S-REIT index is near to its 5 years peak (upper chart) while overnight interest rate approaching its 10 years peak (lower chart). Higher REIT price could dampen the dividend yield which might narrow yield premium with risk free interest. Thus attractiveness of REIT might be weakening. Investor shall be putting more cautious on selecting REIT into portfolio.





 Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA)

Friday, January 5, 2018

Chart[74] - Tianjin ZX

The counter saw significant volume last week. It broke up from resistance 0.95. Strong buying volume was seen on two consecutive days. Shall upward move continue, price would test next resistance 0.98, followed by 1.04. The counter is denominated in USD. Recent downfall on USD might present entry chance for the counter.

Jan[2] - Financial Highlights

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


Jan[1] - Market Updates

USD:  
US Dollar has been weakening since mid Dec last year. Current price is approaching support ~ 92. Looking forward, Federal Reserve tend to hike interest rate three more times this year which shall strengthen the currency. Trading opportunity might be presenting here.

Dollar Index ETF: UUP (US: NYSE)

Market Calendar on coming week:  
(SG: Singapore; CH: China; US: USA)