Mar[6] - ISDN (Proxy to industrial automation)

BUSINESS:
[1] The group offers motion control solution in fully automated or semi automated products, equipment and production lines. Last year December, it formed a joint venture with Switzerland-based, Maxon Motors to sell Maxon motor's product in Southeast Asia.
[2] FY2018 saw revenue crossing S$300mil first time. Contribution from China is $211mil, up 1.6% despite a slowdown in the economy. Profit recorded $10.9mil, highest in history. 4Q actually incurred loss $1.5mil, due to higher cost, impairment allowance, inventory write off. Full year dividend announced 0.7 cent, up from 0.6 on FY2017. 

HIGHLIGHTS:
[1] Novo Tellus private equity fund subscribed 6.4% stake in ISDN at 20 cent last Feb. The managing partner is Loke Wai San, who is executive chairman of AEM, one of the local favorite tech stocks. He favored potent of ISDN due to it's unique position in industrial automation solutions. 
[2] FY2019 will see contribution from it's hydropower plants in Indonesia. It's estimated to generate US$7-12mil revenue a year. Company is planning to add more afterwards. 
[3] Current price translates P/E ~ 8, P/B ~ 0.6, Dividend yield ~ 3%, which is pretty attractive, considering net cash position ~ $10mil. 

CHART:
Ever since the group announced shares placement to Novo Tellus, share price rally to 26 cents on early March. Recent downfall could translate to entry opportunity. 22.5 cents is average trading price for past 2 years.

Mar[5] - Market Updates

Oil:

Crude oil has been rally since beginning of 2019. Recent price is testing resistance ~ 61. Shall it be breached, next stronger resistance shall be ~ 64, where it formed triple bottom break down on late 2018. Exemption on Iran sanction was extended. Slower pace of global economy could reduce oil demand as well. It's worth to take note that recent up-swing is in tandem with US stock indices. A correction from stock market could affect trading sentiment on oil market as well. Traders could position on oil price with following ETF.

Trade on bullish Oil: Oil ETF (ticker: DBO)

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

Mar[4] - CNMC

BUSINESS:
[1] The group is gold miner who operates in Kelantan, Malaysia. Business commenced on 2007 and listed on 2011.
[2] With CIL plant in place, management expects gold production to ramp up on FY2019. Potential income from production and sales of silver, lead & zinc once flotation plant commences operation.

HIGHLIGHTS:
[1] It's in net cash position with US$17mil now. Net asset value is S$0.14. Current price translates to P/B ~ 1.5. Management proposed dividend $0.002 for FY2018, pending for approval from AGM.
[2] Gold price has been moving to the high size of past 4 years. Higher gold sales price incorporated with expected higher production volume could contribute positively to the group's earning on coming quarter.

CHART:
The counter has been range bouncing between 0.185 to 0.24 since mid 2018. This is considered low range of its historical price range since IPO. Recent rally in gold price have provided support to it's share price. Shall the rally continue, trader could position for potential break up from 0.24.

Mar[3] - Market Updates

Singapore:

STI has been hovering around its 200 days moving average. 3180 serves as support for now. Coming week will be FOMC meeting. Powell has been emphasizing his patience on rate hike, so there might be any surprise next week. Shall US indices continue to rally, STI shall be moving upwards on it's 200 days moving average soon. 

Mar[2] - Raising Gear

SilverlakeAxis delivered impressive earning for last quarter. Gross profit up 32%, with both new projects and recurring income segment (ie maintenance, etc) registered double digits of growth. Having net cash ~ RM300mil, current price translates to dividend yield ~ 4%. Buying interest was strong since result released as highlighted on chart below. Recent price correction could present buying opportunity, considering the group is on the right track to deliver huge projects in pipeline. Earning prospects is convincing to shareholders as chart suggests.

SingMedical registered 48% growth in profit for FY2018. Being expanding its specialists clinics in SG, the group is aggressively penetrating into new geographies, such as Indonesia and Malaysia. Its' newly acquired clinic in Vietnam will operate on coming quarter. Recent announcement revealed that major shareholder, CHA group (South Korea's leading healthcare group) is going to raise stake onto the group through shares placement and loan scheme. CHA is enhancing corporation with the group for better exploration into new projects in overseas. Similarly, buying interest is surging on the counter upon latest announcement on earning and business plan from CHA as chart below suggests. Looking its peak of share price on 2018, current price presents huge room to grow.

Mar[1] - Market Updates

US:

DOW Jones showed some fatigue from it's rally since last Christmas. It down ~ 3% for last trading week. 25000 shall be immediate support. Market might need time to digest latest job data which showed a dip in growth. Next FOMC will be in two weeks time. Since Powell has been emphasizing his dovish stance to market, recent downfall could be a healthy correction. Former Federal chair person, Yellen even suggested potential rate cut last month...

Chart[103] - Consolidation awaiting break up

Three counters were found in consolidation formation while respective prices were slowly moving upwards. They deserve more attention for potential break up in price.

DBS gained more favor from market after OCBC and UOB released earning. While the peers were selling down, its price was bought up on last trading day. Higher low formation was seen since early 2019. 25.2 could be the break up price to monitor.

Sembco and Semb Marine has been rallying since mid of last week. Keppel Co has been laggard to it's peers. 6.36 could be critical resistance to monitor. Shall this be broken, more upwards movement could be ahead.

Raffles Medical has been moving in upwards channel since last July. Current price is near to support line of the channel. Next Monday will see latest earning result from the counter. 1.2 is the resistance to monitor.

Feb[4] - Market Updates

US:

DOW Jones is approaching to its historical high ~ 27000. Against all odd, it has broken all conventional resistance for last month rally. Looking it's movement since 2018, there would be 3 peaks as highlighted as #1, #2 and #3 (undergoing) in chart below. Interesting to note that it could be an head and shoulder formation (bearish) shall current rally fail to break previous peak #2. Market players shall pay attention to US index movement on following weeks.

Market Calendar:

Next week will see earning from Raffles Medical, UOL and Golden Agri

Chart[102] - Singapore O&G

The counter saw surge in buying volume last week as in upper chart below. Price broke up from 0.36 which is 6 months high. Looking into weekly chart as lower chart below, 0.38 would be next resistance. Shall it be broken, next stronger resistance would be ~ 0.44, which translates to attractive trading target. The counter actually released a strong earning results upon market closed on Friday.

https://links.sgx.com/FileOpen/SOG%20-%20Press%20Release%20for%20Full%20Year%202018%20Results%20-%2015.02.2019.ashx?App=Announcement&FileID=543721

Feb[3] - Market Updates

Oil:

Crude oil could have come to crucial boundary for potential formation of reverse head and shoulder. Shall it break 55.7 decisively, new high could be seen soon. ETF would be convenient tools for trading on such volatile index.

Trade on bullish Oil: Oil ETF (ticker: DBO)

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

Market Calendar:

Next week will see results from DBS, UOB, Sembco, Semb Marine, Wilmar, Venture, Genting, ST Eng.

Feb[2] - Big Boys Falling

STI has been rally from it's 2018 trough. It's REIT counters have been hovering around multiple years peak as well. Let shift the focus to some index stocks which still struggle in multiple years low price range. While other counters pause from rally, they could take the lead instead.

Shall any positive announcement came from US-China trade talk by deadline, it could change sentiment to port operator, HPH Trust which gives highest yield among STI constituents. Infrastructure segment usually draw attention during mid-bear cycle, so Sembco Ind and Singtel worth for monitoring now. SPH already came to historical low range during its transition from printed media to property and overseas market exploration. It's dividend yield looks attractive though. Latest operating results show improve in load factor for passenger to SIA but weakened for it's cargo. Current price valuation is undemanding.

Feb[1] - Market Updates

Singapore:

200 days moving average is commonly taken as critical reference (support/resistance) for market index. STI broke its 200 days moving average on last year March, and resumed its downtrend thereafter. In tandem with US market rally, STI is going to test this major resistance on coming weeks. Investors could take opportunity of recent rally to reshuffle portfolio. 

Market Calendars:

Several blue chips are going to release latest earning results next week.

Jan[5] - Unsung Heros

Local healthcare sector has been facing competition such as rising competitors in regions, higher operation cost, declining medical tour groups, etc. However, some of them still produce outstanding results, such as Singapore O&G which shows growth of 40% yoy. Talkmed's earning over last 9 month down 21% yoy but some positive growth was seen for last quarter. With its CEO back from suspension, earning could be stable down. ISEC has outlets across western Malaysia and Singapore. Recently it has been exploring Myanmar market, pending for approval from several government bodies.

Fundamentally, these three counters look attractive with heavy net cash position and consistent pay out in dividends. While market has been weakening, healthcare sector could provide necessary shelter for your investment fund.

Jan[6] - Market Updates

Crude Oil:

In tandem with DOW Jones, crude oil has recovered it's lost ground since last month. Potential sanction to Venezuela neutralized rising oil output from US. Shall 54 to be broken, oil price could head toward 64 which is next stronger resistance. Coming week will be first FOMC of 2019. It could decide movement of USD thus affect commodities which usually move in reverse. Traders could position by oil linked ETFs.

Trade on bullish Oil: Oil ETF (ticker: DBO)

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

Market Calendars:

Few more REITs are going to release latest earning results next week.

Chart[101] - GSS Energy

The counter was seeing strong buying interest for last week. On last trading day, price closed at resistance ~ 0.106 with largest transaction volume since last October. Shall it be broken, next resistance could be ~ 0.119. A double bottom formation could be undergoing.

RHB re-iterated "BUY" rating with 0.19 as target price on last Friday. The news might have sparked attention among traders.

R

Jan[4] - Market Updates

US:
DOW Jones has been rallying for four consecutive weeks upon last Christmas. Resistance ~ 24300 (R1) was broken last week. Market was cheering for potential easing of trade tension between US and China. US Federal tends to be much dovish regarding to rate hike path ahead. Oil price has been stable as well. At the moment, most positive catalyst are playing out in market sentiment. Looking forward, a downward trend line (R2) could serve as next resistance. Profit taking could be in action shall any small negative news in play.

Earning results among listed companies would be next attention among markets. Some of the US index stocks missed forecast of earning. Local blue chips yet to release any results. Barring unforeseen scenario, ~ 22400 would serve as strong support for any price correction ahead.

Market Calendars:

Capitaland, Keppel Co, SGX and few REITs are going to announce earning results on coming week.

Chart[100] - China Aviation

The counter saw strong buying volume since last week of 2018. Price successfully broke resistance 1.13 on last trading day. Shall uptrend persist, next stronger resistance is ~ 1.28. Looking backwards,  price has been free falling since early October. Selling trend was not followed with strong volume. Current price could have found some support.

Jan[3] - Market Updates

Singapore:
STI successfully broke resistance 3189 on last trading day. US Federal's dovish tone and US-China trade talk changed market sentiment. Recent selling headwind might have paused for the moment. Coming weeks would see result announcement among listed companies. Earning prospect of big companies could draw more attention ahead. Investors shall take opportunity to re-shuffle portfolio before next volatile cycle.

Chart[99] - Silverlake Axis

The counter saw strong buying interest on last trading day. DBS initiated "BUY" rating on the counter one day before. After market closed on Friday, the company released two positives news related to new business opportunities.

It's price has been range bouncing from 0.4 to 0.44. Shall break up form 0.44 with similar volume, next resistance would be ~ 0.46 to 0.48. 5% dividend yield looks attractive on the counter as well.

Jan[2] - Market Updates

Oil:
Following rally among equities, crude oil has been rebounding from recent low as well. Support ~ 42 was well sustained. As price has fell > 40% from last peak, a trading opportunity could be presented for the commodity. ~ 64 is stronger resistance. Trader could utilize ETF below for trading

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