Chart[92] - Clearbridge

The counter broke up from 2 months resistance ~ 0.26 on last trading day Buying volume was significant. Shall buying interest maintain, next target price shall be 0.3 Current price is still below its IPO debut price on end of 2017 and ~ 70% discount from its peak. The downtrend since last April has paused for the moment.

Relevant News:
[1] https://www.theedgesingapore.com/clearbridge-health-rides-chinas-biotech-boom-cancer-diagnostic-spinoff
[2] http://infopub.sgx.com/FileOpen/Clearbridge%20Health_Corporate%20Presentation%20Q2%20and%206M%20FY2018.ashx?App=Announcement&FileID=521612

Sep[7] - Market Updates

Oil:
Crude oil has been rallying in price for past two weeks. The major catalyst would be sanction imposed on oil export from Iran on Nov. Current price is approaching to 75 which is peak since 2016. OPEC and Non OPEC have been increasing production in fact. It would be interesting to see whether the resistance could be breached on coming week. Trader could trade take advantage on such volatile movement from oil price by following ETF:
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Chart[91] - SIA

The counter landed at multiple years support ~ 9.5 following recent selling rout as shown on lower chart. On upper chart, price tends to form double bottom formation (W shape). Shall it break resistance 9.9, small rally could happen.

 

Sep[6] - Market Updates

Singapore:
STI strongly jumped up last week. 3250 could see some soft resistance. Next week the most important event will be the Fed monetary policy decision. US 10 years treasury yield has been staying above 3%. China just announced to cancel high level trade talk with US. Considering such situation, coming week could see some volatile movement again. Shall new support 3108 be breached, down trend could continue.

Sep[5] - HL Global Ent (Cash Asset at Discount $)

BUSINESS:
(1) The company operates in the hospitality operation and property development activities in Malaysia and the People's Republic of China. It's Copthorne Hotel Cameron Highlands (picture below) is the only hotel situated at the highest accessible point of the highlands.
(2) Last quarter saw higher revenue, due to recognition of $3m on the sales of land in Punggol. Net profit was 2m vs net loss on 2Q2017.

 

HIGHLIGHTS:
(1) The counter is in net cash 60m, which is more than its market capitalization based on current trading price ~ 0.42. It could simply privatize itself.
(2) It was removed from SGX watchlist last April due to continually improvement in earning. Shall earning momentum maintain, its net cash position could swell further.

CHART:
The highest trading price was 0.55 on 2018 Mar. It translates to price to book 0.65x. Last trading price ~ 0.42 was undoubtedly under further discount from asset value.

http://aspire.sharesinv.com/57453/si-research-three-companies-with-the-lowest-pe/

Sep[4] - Market Updates

US:
US 10 years treasury bond is treated as one of the safe heaven among financial market. On mid 2018, the bond yield ever hit 3% and above. It triggered small panic among market for the period, because high yield indicates that the bond is under selling pressure. Around early June, it fell below 3% and market slowly recovered as well. Interestingly, the bond yield surged and briefly paused below 3% again on last trading day. Looking at past 3 months, this is its 3rd attempt. Shall rising momentum continue, one wonder whether similar panic on mid 2018 could re-surface.

https://www.cnbc.com/2018/09/14/bond-market-beginning-to-believe-fed-key-interest-rates-jump.html

Chart[90] - Big Boys Falling

The following counters lost respective few years support last week. Headwind is strong at the moment.

CityDev has been down falling in tandem with STI pace since mid 2018. Selling pressure accelerated upon announcement of new property cooling measure from local government. 9.22 was broken on last Monday. ~ 8 could be next support to be tested.

DBS lost its ground on mid week. Next support ~ 24. It has been among top selling target of institute's fund for the period. Downtrend could persist.

Keppel Co has been hovering around 6.56 for early last week but selling pressure prevailed in the end. Next support could be ~ 6.26. Worth to take note that current price is around net tangible asset value of the counter.

Singpost saw significant selling volume since early August. Support ~ 1.13 was broken last week. Next support ~1.03 shall be tested soon.