Friday, June 29, 2018

Jul[2] - Institute's Top BUY

The counter has been gathering strong interest from institutes fund. It top the buying list from mid May till last week, which translates to price zone ~ 1.22 as below chart. Higher low formation was seen. It might worth some attention for such accumulation activity.


Jul[1] - Market Updates

Singapore:   
STI broke its 2018 support last week. Trend look bearish for now but bull might not lose its battle yet. Next support would be ~ 3188 which was formed since 2017 April. 3342 shall become immediate resistant. On coming weeks, market would shift attention to latest earning reports from respective counters.

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

Saturday, June 23, 2018

Jun[8] - Rebounding Counters

In tandem with overall market sell down, the following counters have been falling in price heavily but somehow they showed sign of hitting support or rebounding on last trading days.

<Capitaland> A hammer was seen when the counter down > 10% from its peak on last May. Current price represent >20% discount from its net tangible asset value. Further sell down shall be interpreted as more value to be hunted.

<M1> Significant buying volume on M1 could signal its downfall hitting some support for now. Market has been worrying over earning prospect of three local Telcos. During latest investor day Q&A, Singtel actually mentioned local market couldn't accommodate four telcos, so potential consolidation might take place.

<QAF> The producer of famous brand "Gardenia" has been facing severe challenge on its major business segment, primary production. Rivalea (its subsidiary, running pork production in Australia) is badly hit by oversupply in pork industry. Incidents like calling off of IPO plan, ammonia leakage in warehouse added more pressure to it. Looking at chart, price rebounded twice from 0.95 which is its net assets value. Considering its strong balance sheet, and potential business yet to announce, it deserve a place in watch-list for current price.






Jun[7] - Market Updates

US:   
DOW Jones has been swinging between 23340 to 25770 since last February. Shall 23340 baseline withhold, the downtrend is yet to come. 2Q earning will kick on week after next. It could draw more attention from market soon.

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

Friday, June 15, 2018

Jun[6] - Yield Hunt (STI Constituents)

SGX has undemanding valuation than its global peers. Its defensive business nature and deep pocket could protect itself well in volatile market condition as proven in previous bearish cycle. Thus its weakening price period shall be interpreted as buying chance.

Telcos have been suffering in intensifying price competition in local market. Trading price is under severe winter as well. Singtel was singled out for consideration, mainly for its diversifying business. There is not single segment contributing more than 10% earning of the group. Its shares could be treated as "semi-bond" type for consistent dividend payout.



Jun[5] - Market Updates

Singapore:   
STI plunged ~ 2% last week. Down pressure accelerated upon FOMC hinted 1 more rate hike than early forecast for the year. STI shall test 2018 support 3340 on coming week. Shall it be broken, 3200 would be 2017 support. Support used to be breached easily in severe downtrend, which could present buying opportunity. Long term investors could consider STI ETF for their portfolio. Dividend yield is close to 3% for current price.

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


Friday, June 8, 2018

Jun[4] - Small but Strong

The following counters were shortlisted because their earning prospect looks good, and might not yet reflect in share price. Financial wise, they are strong in cash position: <Automation Industry> ISDN, <Gold Miner> CNMC, <Coal Miner> Golden Energy

ISDN shows steady track record

CNMC shall benefit from higher gold price year to date on 2018

Golden Energy saw its coal production ramping up across the years.


Jun[3] - Market Updates

USA:   
While DOW Jones and S&P500 are slowly recovering from lost ground since its historical peak, NASDAQ has hit its all time high last week. Strong performance among technology counters provided support to overall US market. Price retreated immediately from its peak for last two trading days. Some correction could be on the way. Traders could position with ETF below:

NASDAQ stock code: SQQQ (reverse ETF for bearish view on NASDAQ)                              


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

Friday, June 1, 2018

Jun[2] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> Banyan, Dutech, Golden Energy, Jumbo, Mermaid Maritime, SATS and Spackman

Jun[1] - Market Updates

Singapore:   
STI moves in downward trend for the past month. Looking at longer time frame like 6 to 8 months, it has been actually moving within 3340 to 3627 for the year. This translates to STI ETF range from 3.35 to 3.66, with dividend yield ~ 2.7 to 3% as chart below. Mid to long term investors could actually accumulate on dip from the STI ETF, which provides an opportunity for passive income as well as short term capital gain from market spike.

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