Friday, March 30, 2018

Chart[81] - CSE Global

The counter successfully formed triple top breakout at 0.39 on mid March. Price fell back to support ~ 0.39 last week. The retreat was done with low volume, so it might present entry chance for next rally. 0.45 could be next target price.

April[2] - Cash is King

<Technology & Manufacturing> 
ISDN is showing consistent earning while valuation is lagging among its peers.
<Fintech>
Silverlake Axis has visible earning growth ahead. Company committed to paying good dividend.
<Medical>
Talkmed ended period suspension of key doctor. It could be back to market favorite again.
<Property>
Wheelock is sitting on huge cash but market is discounting its asset value.


Apr[1] - Market Updates

Singapore:   
Following huge swinging from US indices, STI has been struggling for direction as well. Support range ~ 3350 to 3380. Looking at how US market closed on last trading day, the support deem to hold firm. Shall it be broken, 3190 could be next support. Long term investor could accumulate STI ETF (listed on SGX) in such dip, for the dividend and also position for next rally.

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

Friday, March 23, 2018

Mar[9] - Value Hunting among STI

The following counters were shortlisted from STI constituents for respective attractive valuation. HongkongLand (HKL) has been undervalued for long time while growth in earning is intact. It looks even more attractive at current weak USD condition. ComfortDelgro (CFD) has been downplayed by market due competition in taxi market. Most of the headwinds could have been priced in by market especially looking at its resilient price movement recently. Buying window could be presenting again. In line with smart nation direction of government as well as growing aviation sector in global, ST Engineering could be the proxy for investor. Its consistent dividend payout is another buying reason.





Mar[8] - Market Updates

US:   
US 10 years bond yield spiked on early of the year due to worry of a steep hike in interest rate ahead. It triggered 10% plunge from DOW Jones on February. Upon FOMC under its new chairman last week, 10 years bond yield slowly declined due to less hawkish tone from Powell. While media is focusing on potential trade war between US and China, capital restructuring might be actually taking place out of attention. Growing buying interest into US 10 years bond yield indicates confidence into US economy, so current plunge in market could be last entry for next bull run.

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

Friday, March 16, 2018

Chart[80] - Mermaid Maritime

Buying interest could have be positioning on the counter for past two weeks. Price has been edging upwards as circled on first chart. On second chart, 0.165 serves as first resistance to clear, while 0.197 will be long term target. Shall price break down from 0.141, trend could look downwards instead.

Mar[7] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided:
Golden Energy, HongkongLand, Katrina, Nordic, SUTL, Uni-Asia and Zhongmin Baihui.