Chart[88] - Citic Envirotech

The counter saw strong buying interest since announcement of latest earning. On last trading day, it successfully broke up resistance 0.595. Looking ahead, next resistance would be 0.69. There is potential profit ~ 10% for trader, shall the upward movement sustain.

Relevant earning news:
https://www.theedgesingapore.com/citic-envirotech-2q-earnings-double-433-mil-declares-maiden-interim-dividend-05-cent

Jul[7] - Market Updates

US:   
S&P 500 has almost fully recovered its lost ground on mid March. Its trend seems to move towards historical high ~ 2873 soon as shown in weekly chart below. Next week the central bankers in US, UK and Japan will decide on respective monetary policy. Other important releases include: US jobs report, trade balance, personal income and spending, PCE prices and ISM PMIs; Eurozone GDP growth and inflation; and China PMIs.

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

Chart[87] - UOL

The counter suffered from heavy selling pressure due to new property policy announcement on mid July. Trading gap from 7 to 7.4 was formed afterwards. Price slowly edged up with a break up on last trading day. Shall buying momentum continue, trader could position with 7.4 as immediate target price.

Jul[6] - Market Updates

Crude Oil:   
Crude oil has been moving in upward channel as shown in below chart. Current price trend was hovering around support line of the channel. Shall it break down, support could be around 62. 75 is the peak since 2016. Trader could position from following ETFs for volatile oil price movement.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

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

Chart[86] - SPH

The counter has been consolidating between 2.4 to 2.79 since 2017 Sep. The downtrend since mid 2017 paused. Last trading day saw price residing at resistance 2.79. Market responded well for latest earning from the counter last week. Shall price break up from 2.79 with significant buying volume, trend could be changed. More upside could be seen as well.

Jul[5] - Market Updates

Singapore:   
STI has been falling for 8 consecutive weeks since early May. Last week saw its rebound which show 3192 as immediate support. 3339 has been serving as year to date support. Since it was broken, it would become immediate resistance as well. Trade war panics has been major concern in market. Rising interest rate could raise burden on highly borrowing companies as well. Investors shall take chance to reshuffle portfolio shall next rally come.

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

Jul[4] - Property Sector Highlights

On last Thursday, a 5% increase in stamp duty was announced on some home buyers who is going to buy second or more properties. The change in policy came alongside tighter housing loans by Singapore's bid to keep price increase in line with economics fundamentals. Most of properties suffered heavy punch in shares price immediately on following day. A quick highlight on valuation of some major properties counters was shared below:

Generally most counters were trading > 20% lower than its 52 weeks high. Only Ho Bee Land slightly above its 52 weeks low. Recent acquisition of Ropemaker Place in UK could enhance its recurring EBIT by 39%. Bukit Sembawang and Wheelock are the only two close to zero debt. Former actually giving highest dividend at 6%, but with most exposure to SG residential market. Latter has more development projects in China. Capitaland has substantially sold off residential projects in SG. Underpinned by growing earning from commercial portfolio across the region, current dividend yield ~ 4% looks undemanding.

Jul[3] - Market Updates

Crude Oil:   
Following US sanction on oil import from Iran and surprising depletion in its domestic inventory on week before, crude oil has been rally ~ 20% for past two weeks. Few bearish factors could be expected, such as rising production from OPEC and Russia. Tariff war between US and China could restrict import from China as well. Trader could position from following ETFs for consolidation movement of oil price.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

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