The counter has been discussed on Chart[48]. First wave has been
completed with high buying volume. Price slowly retreated with small
volume. Immediate support is ~ 0.3, while strong resistance 0.4. Looking
backward for the strong surge in buying volume, trader could position
for potential buying interest in next.
Friday, June 30, 2017
Jul[2] - China Market Proxies
Following companies are exposing to various business sector mainly in
China. Some have expanded to overseas as well. Earning is stable and
growth plan is in sight.
EPS: Earning per Share
Gearing: Debt to Net Asset
Book Value: Net Asset Value
1Q2017: First quarter of FY2017
EPS: Earning per Share
Gearing: Debt to Net Asset
Book Value: Net Asset Value
1Q2017: First quarter of FY2017
Jul[1] - Market Updates
US:
NASDAQ sell down persisted for last week. Weakening among tech stocks pulled down DOW Jones and S&P500. A longer correction phase might present hunting window, considering market bullishness since early of the year. Next week market shall get more hint from US FOMC meeting minutes. Timeline of tightening monetary policy shall be the concern.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
NASDAQ sell down persisted for last week. Weakening among tech stocks pulled down DOW Jones and S&P500. A longer correction phase might present hunting window, considering market bullishness since early of the year. Next week market shall get more hint from US FOMC meeting minutes. Timeline of tightening monetary policy shall be the concern.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Friday, June 23, 2017
Chart[51] - HPH USD
The counter saw strong buying volume on early June. Price ran from
0.41 to 0.45. Failing to break through further, it has been retreating
to origin 0.41. Considering range bouncing characteristics of Trust
counters as well as recent bullishness among REITs, the counter could
have formed new channel of movement between 0.41 to 0.45, which
translates to 10% range. Trader could trade in the range while waiting
next surge in buying volume.
Jun[8] - Oil & Gas Sector Review
The following counters have major business exposure to Oil & Gas
sector. Their stock prices have been suffering setback amid renew
plummet of oil price. However, they deserve a place in watchlist.
Potential price catalyst includes privatization, merger &
acquisition, improvement in earning, etc. All of them are trading under
book value.
EPS: Earning per Share
Gearing: Debt to Net Asset
P/B: Price to Book
1Q2017: First quarter of FY2017
EPS: Earning per Share
Gearing: Debt to Net Asset
P/B: Price to Book
1Q2017: First quarter of FY2017
Jun[7] - Market Updates
Singapore:
STI has been moving side way since May. Support 3191 looks intact. Immediate resistance ~ 3275 might not be broken soon. Focus of second half 2017 shall be on utilities counter which operates in defensive sector and gives consistent dividend payout. Net cash position would be preferred.
Market Calendar on coming week:
Next week, important data includes the final GDP growth, personal income and spending and the consumer confidence for the US (29 June); China official manufacturing and non-manufacturing PMIs (30 June); Japan inflation and unemployment; business confidence and inflation for Germany, Italy and the Euro Area and the final GDP growth estimate for the UK.
Singapore is going to release bank lending (30 June).
STI has been moving side way since May. Support 3191 looks intact. Immediate resistance ~ 3275 might not be broken soon. Focus of second half 2017 shall be on utilities counter which operates in defensive sector and gives consistent dividend payout. Net cash position would be preferred.
Market Calendar on coming week:
Next week, important data includes the final GDP growth, personal income and spending and the consumer confidence for the US (29 June); China official manufacturing and non-manufacturing PMIs (30 June); Japan inflation and unemployment; business confidence and inflation for Germany, Italy and the Euro Area and the final GDP growth estimate for the UK.
Singapore is going to release bank lending (30 June).
Friday, June 16, 2017
Chart[50] - Singpost
The counter paused from recent downfall. It has slowly climbed up to
1.285. Last trading day saw significant buying volume on last 5 min.
Shall buying interest continue, it shall break immediate resistance
1.29. Next one shall be 1.34. There is a gap between 1.34 and 1.39. The
trading gap shall be filled up, just in matter of time.
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