Aug[5] - Wilmar (Institutes' favourite)

BUSINESS:

(1) Earning from major segments saw significant improve. Sugar segment managed to reduce net loss y-o-y and q-o-q.
(2) Indonesia government has been pushing for higher biodiesel blending which continue to benefit the Group.

HIGHLIGHTS:
(1) The Group intends to IPO its China operation on FY2019. It could be price catalyst when more detail is disclosed.
(2) It is often appearing in net buying list of institute fund since June.

CHART:
Since 2018, the price has been range bouncing from 3 to 3.3, which is below it's net asset value. Investors could accumulate in the range (~3% dividend) while waiting for potential break up from 3.3.

Aug[4] - Market Updates

US:
S&P500 and NASDAQ closed at its all time high on last trading day. Strong economic data and company earnings have been supporting the bull trend well despite some worries on trade and geographical tension, yield flattening, etc. Jerome Powell strongly supported further rate hike on Sep FOMC. Market liquidity is slowly drained, so it would be interesting to see whether a new all time high could be formed for the index.

Aug[3] - Big Boys near Support Price

The following counters were shortlisted from STI constituents. They have been showing strong earning based on latest reports. Being overwhelmed by regional pessimistic trading environment, their share price have been declining to one year support range, which could translate to buying opportunities. Shall market sentiment change (could be due to positive trade talk progress among US and China, etc), we could be see some rebound among these index constituents.

Aug[2] - Market Updates

Singapore:   
STI has been falling > 10% from its 10 years peak ~ 3630. It was reaching its 2 years support ~ 3200 on last trading day. Trade tension and Turkey Lira plunge has been drawing market attention for the moment. Qatar has came to rescue of Turkey. Besides, US and China would resume trade talk on later this month. Any further positive outcome could give a boost for market on coming days. Looking at US, S&P500 is just 50 points shy away from all time high. As US market has not shown any sign of bearishness yet, recent dip in STI could be still translated to buying period. Next FOMC meeting fall on Sep end.

Chart[89] - Yangzijiang

The counter has been plunging almost 50% since its peak last October. For the past one month, the price has been moving side way. Buying volume seems to be gaining momentum as well. Shall resistance 0.955 be cleared, more upside could be seen.

Aug[1] - Market Updates

Singapore:   
STI made a U turn from 3340 last week. Failing to break through the resistance, it could retest immediate support ~ 3190 again. Trend looks weak for the moment. Rising interest rate and trade tension between US and China have been dragging down most Asian Indices.

Next week the US will be publishing inflation rate, producer prices and JOLTs job openings. More blue chips in STI will be releasing earning results as well.

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