Friday, December 1, 2017

Dec[2] - Laggards Play - Busines Operation

The following counters were shortlisted from STI constituents. Different from other constituents, their price movement have been deviating from recent STI rally. Thus they could be taking driver seats shall STI rally to continue, or enter correction phase. SingTel and Wilmar belongs to retail and consumption sector. SIA Eng and ST Eng offers attractive dividend yield. Sembco Ind could be a laggard performer among oil price recovery. It's trading under heavily discount from book value.


Dec[1] - Market Updates

Singapore:  
STI's 10 years peak ~ 3550 is not longer far away based on recent bull charging. Looking backwards, such rally didn't go through much consolidation. The vulnerability to market uncertainty could be rising. Investor shall begin deleveraging (taking profit) from portfolio in such euphoria condition. 

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

Saturday, November 18, 2017

Chart[68] - Wheelock

The counter formed triple top break up on early October. ~ 1.91 formed new support for the trend. Recent downfall was not in high volume, so it could be short term correction. Since price has been hovering around support, entry opportunity could be now.



Friday, November 17, 2017

Nov[9] - Financial Highlights - 1

The following counters released respective latest financial results last week. A summary is provided.
800 Super, Bumitama, ComfortDelgro, CNMC Goldmine, Declout, Frasers Centrepoint, Golden Agri, Golden Energy, Hatten Land, Health Management International (HMI), ISDN, ISOTeam, Mermaids Maritime, Moya Asia.
 

Nov[8] - Financial Highlights - 2

The following counters released respective latest financial results last week. A summary is provided.
Nam Cheong, Oceanus, Powermatic, QAF, Silverlake Axis, Singpost, Spackman, Straco, Uni-Asia, United Engineer, Wilmar, Ying Li, Yongnam, Asian Pay TV Trust (APTT)

Nov[7] - Market Updates

Crude Oil:  
Oil price has been running up and more volatile ahead of meeting between OPEC and non OPEC on 30 Nov. Positive factors are rising tension in middle east, potential extension of production cut in OPEC, but upside might be capped by rising oil output from US. Current price broke up from 53, but might face resistance around 58 to 62. Volatility ahead might present trading opportunity.

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; UK: United Kingdom; US: USA; JP: Japan)

Friday, November 10, 2017

Chart[67] - M1

The counter has been bouncing between 1.77 to 1.84 for past three months. Market might have absorbed most negative prospective factors for the telco counter. Looking into bullish break up from its peer, Starhub, similar break up might happen on M1 as well. Last Thursday saw relatively strong buying volume. Similar spike up happened before as well. Shall price break up from 1.84 with decisive volume, it could head towards 1.9. There is a trading gap from 1.96 to 2.04, which might be your most ambitious target.