Apr[10] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> AEM,  China Jinjiang, Declout, Duty Free, Semb Marine, Talkmed, Yangzijiang
<REIT> Ascendas REIT, Cache Logistics Trust, Capital Commercial Trust (CCT), Frasers Hospitality Trust (FHT), Mapletree Greater China Commercial Trust (MGCCT), Mapletree Industrial Trust (MIT), Mapletree Logistics Trust (MLT), Starhill Global REIT (SGREIT)
 

Apr[9] - Market Updates

Singapore:   
STI has been hovering around its 2018 peak ~ 3609 last week. Few issues were overwhelming market meanwhile, such as flattening yield curve in US, confident shaken in Tech stocks, etc. Next week we are entering May, which used to be a SELL month. FOMC falls on next week as well. Investors are encouraged to take profit and position on undervalued stocks continuously along the journey. As volatility is getting higher in US, more opportunity could present.

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

Chart[83] - Sembco Ind

The counter broke up from resistance 3.18 last week. Volume looks significant over past 2 months. Shall rising momentum continue, next resistance shall be around 3.4. Recent oil price has been in rally mood, supported by depleted oil inventory in US and production cut among OPEC. The counter is going to release latest earning result on 3 May.

Apr[8] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> M1, Keppel Co, Keppel T&T, SGX, 
<REIT> Capitamall Trust (CMT), Frasers Commercial Trust (FCOT), First REIT, Keppel DC REIT, Soilbuild REIT

Apr[7] - Market Updates

US:   
S&P 500 has been moving within a triangle zone as below. Last two trading days saw it retreating from upper falling ceiling. Support could be ~ 2570. Shall it be broken, more downside could be seen. The index usually indicate broader market performance due to its market value weighted nature (DOW Jones is price-weighted).

https://www.investopedia.com/ask/answers/difference-between-dow-jones-industrial-average-and-sp-500/

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

Chart[82] - Wheelock

The counter broke up resistance 1.83 with significant volume on last trading day. Shall buying interest continue, next resistance is 1.91. Entitlement of dividend will expire on early 3rd May.

Apr[6] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided:
SPH, HPH Trust (HPHT), SPH REIT

Apr[5] - Market Updates

Singapore:   
STI has been moving in the triangle consolidation zone since late January. Last trading day saw the price closed at the upper ceiling. Shall price move higher than 3503, market could enter new rally mode.

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

Apr[4] - Potential Earning Swing

Local banks (DBS, OCBC, UOB) have been showing stellar earning from last quarters. Rising interest rate ahead could be continuing earning catalyst to them as well. ThaiBev has been plunging in share price upon announcement of acquisition. Coming quarter will examine actual contribution from new acquisition. Recent price movement tends to seek support ~ 0.78.

 

Apr[3] - Market Updates

US:   
DOW Jones plunged again on last trading day. Trade war has been the theme in market so far. Next week onward is earning result announcement period. It would be interesting to see whether market attention to be shifted. Coming week will see disclosure of latest FOMC meeting minutes as well. 

Looking at second chart below. Double bottom used to happen before market rally. Thus ~23350 would be support to monitor as shown on first chart. Shall it be broken, more downside could be seen.

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