Chart[20] - First Resources

The counter exceeded 1.595 last Thursday, thus past resistance changed into support. EMA10 is pointing upwards meantime. Last trading day saw the price retreating to 1.615. Shall support, 1.565 persists, price could edge up to next resistance ~ 1.745.

Jul[10] - Market Updates

Singapore:
Retreating from 2016 resistance ~ 2959, STI gap down on last trading day. Selling pressure were seen on banks as well of oil counters upon bankruptcy news of local oil & gas company, Swiber. Entering August, most blue chips will be expired with dividend entitlement. Index could be softening. Free fall oil price could induce further headwind as well. Strong support line could be 2706.

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

Jul[9] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
Mapletree Logistics Trust, Sheng Siong, HPH Trust, SGX, SIA, Sembco Marine, OCBC, UOB

Chart[19] - HongKong Land USD

6.52 served to be strong resistance for the counter since early 2016. Last Thursday saw its price break up from the barrier. Price rested ~ 6.52 on last trading day. Shall this newly formed support persist, up trend could be forming with immediate resistance at  7.11. Current price translates to dividend yield ~ 3%. If price fall below again 6.52 again, the break up would be a false alarm.

Chart[18] - Ying Li

Last Friday, Singapore and Chongqing financial institutions signed 28 agreements. Transactions valued at more than US$1.6b are expected to be realized. As a developer in Chongqing, its shares price up 3% with significant volume on the same day. Prices trend has been consolidated within a consolidation zone (as highlighted in daily chart below) since last February. Current momentum tends to break up from the converging channel. 

Shall it break up, immediate resistance is 0.149, followed by strong resistance ~ 0.198 as shown in weekly chart below.

Jul[8] - Market Updates

Singapore:
STI was retreating from 2959 which was peak in 2016 year to date. Immediate support ~ 2880. Two central bank meetings in US and Japan next week shall decide whether STI can break new high for 2016.

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

Jul[7] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided.
Keppel DC, Keppel T&T, Keppel Co, Capitaland Mall Trust, Cach Logistics Trust, Cambridge Industrial Trust.