Feb[6] - Market Updates

Singapore:
STI closed flat at 3108 for last trading week. It has broken 3100 which was last seen on 2016 Oct. Next ceiling to test would be ~ 3150. Most of the blue chips have released latest financial results. While market is digesting the earning performance, we will see 2017 Budget to be released on coming Monday. Afterwards, attention would fall to US Fed meeting minutes on mid week. Considering recent market bullishness, it would be interesting to see whether "Sell on May" could happen again for this year. Market used to take a break during April-May period.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Feb[5] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided. Jumbo, Vallianz, ThaiBev, Silverlake, ST Eng, Capitaland, OCBC, DBS, Manulife US REIT.

Chart[38] - ST Engineering

From the upper chart, the counter swung up three twice since last year December. On both ocassions, price retreated from 3.41. Last trading day saw price closed again at 3.41. Considering the lower low formation and also decent buying volume. The counter could welcome triple top break up soon.

Second chart suggested ~ 3.5 could be strong resistance shall break up happens. Considering recent bullishness among other STI constituents, laggard like the counter could give some surprise move. It will release latest results on coming Thursday.

Feb[4] - Market Updates

Singapore:
Led by bullish US and crude oil prices, STI is hitting 3100 which was only seen on last year Oct. Coming week will see results from domestic banks counter. Shall 3100 be broken, next resistance would be ~ 3150. 

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Feb[3] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided. SIA, Perennial, SATS, GLP, SingTel, Singpost, 800 Super, ComfortDelgro (CFD), HPH Trust

Feb[2] - Market Updates

Crude Oil:
Based on market survey, OPEC and Non-OPEC has completed ~ 80% as of last agreement on production cut. However, active oil rigs from US has been increasing over past few weeks. Both factors capped the upper and lower boundary of oil price movement. Following US announcement on new sanction for Iran, geographical tension pushed crude oil price to the ceiling ~ USD53.83 which was formed end of 2016. Higher low formation is forming as refer to chart below. Current trend suggested more upside in the forming.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)

Feb[1] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided. SIA Engineering (SIA Eng), Starhub, Frasers Logistics & Industrial Trust (FLT)