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.

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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)