Short term wise, I think it may likely re-attempt 72 cents. Breaking out with ease plus good volume that may drive the price higher towards 75 then 78 - 80 cents.
Not a call to buy or sell.
Pls dyodd.
Sunday, June 30, 2019
HRnet
Chart wise, looks pretty healthy as it has managed to bounce-off from the low of 67 cents and rises higher to touch 72 cents, looks rather positive!
Short term wise, I think it may likely re-attempt 72 cents. Breaking out with ease plus good volume that may drive the price higher towards 75 then 78 - 80 cents.
Not a call to buy or sell.
Pls dyodd.
Short term wise, I think it may likely re-attempt 72 cents. Breaking out with ease plus good volume that may drive the price higher towards 75 then 78 - 80 cents.
Not a call to buy or sell.
Pls dyodd.
Saturday, June 29, 2019
Ascendas Reit
It is now trading at a super premium price level.
Looks pretty overpriced and trading at a Peak level.
NAV 2.13
DPU of 16 cents.
dividend yield of 5.12%
The current price of 3.12 is trading at Price per book value of 1.46x.
Short term wise, I think it may move up to retest the all-time-high of 3.18 and may likely go through a correction and bring the price lower towards 2.50 level and below.
Not a call to buy or sell.
Pls dyodd.
Looks pretty overpriced and trading at a Peak level.
NAV 2.13
DPU of 16 cents.
dividend yield of 5.12%
The current price of 3.12 is trading at Price per book value of 1.46x.
Short term wise, I think it may move up to retest the all-time-high of 3.18 and may likely go through a correction and bring the price lower towards 2.50 level and below.
Not a call to buy or sell.
Pls dyodd.
Genting Singapore
TA wise, looks bullish!
It has managed to bounce-off from the low of 85.5 cents and rises higher to touch 93.5 , looks rather positive!
The current price is staying above its SMA lines plus MACD is still rising up nicely, likely to continue to trend higher!
Short term wise, I think likely to retest 93.5 cents. Crossing over with ease plus good volume that may propel to drive the price higher towards 1.00 then 1.05 with extension to 1.08.
Not a call to buy or sell.
Pls dyodd.
It has managed to bounce-off from the low of 85.5 cents and rises higher to touch 93.5 , looks rather positive!
The current price is staying above its SMA lines plus MACD is still rising up nicely, likely to continue to trend higher!
Short term wise, I think likely to retest 93.5 cents. Crossing over with ease plus good volume that may propel to drive the price higher towards 1.00 then 1.05 with extension to 1.08.
Not a call to buy or sell.
Pls dyodd.
Friday, June 28, 2019
Trading & Investing idea
I happen to see these comments appearing on one of the forum and I think is a good way to share!
Quote:
The ability to LOON until the stock makes its U-Turn and come back up to erase all your paper loss is closely intertwined with
the size of your reserve army. The bigger your reserve army, the stronger your ability to LOON. And the size of your reserve
army is in turn tied to whether you did overtrade.
When you trade with a cash account, once you have used up all your capital, you stop buying. You pay for your shares and sit
out the rest of the downturn and patiently wait for the stock to find its bottom, U-Turn, and come back up to your entry price.
That' s if you stop buying. But if you didnt stop buying...you continued to do contra trades after you ran out of capital, that' s
overtrading. If the stock does not find its bottom and U-Turn within the contra period, you will have to cut and take the loss.
When you trade with a CFD account, observe your one-third rule. Use the 1st one-third of your capital to open positions. Open
wisely based on best prices under best conditions, not carelessly buy thinking that you still have two-thirds of your army. Treat
your troops with respect. Treat them like they are your brothers. You wont risk your brothers' lives and send them on a suicide
mission, will you? Ofcoz not. So when you start buying with your 1st one-third of your army, buy under best prices and best
conditions using your indicators and doing the best you can. If wrong and your 1st one-third is stuck, you can do nothing and
watch first. Wait for the selling to stop. Then use your 2nd one-third of your troops to nibble slowly to average down (or average
up if you are SHORTing). Bear in mind that your 2nd one-third of your troops has another function --- to pay com and daily interest
plus to buffer paper loss for your stuck positions.
You should never touch your last one-third to average down (or up) when the market is still falling. You need that last one-third to
give you that security blanket and confidence to weather out any further downside. It is this last one-third of your reserve army which
enables you to sleep well each night and get on with your life. When the U-Turn comes, you can either do nothing and let the rising
tide erase your paper loss first. When enough troops are converted from paper loss to Avaliable To Deal, you can use those converted
troops to add more positions. Or if you are aggressive, you can use some of your last one-third of reserve troops to add more positions
to ride on the recovery. How much of the last one-third reserve troops you can use --- there is no hard and fast rule. The more aggressive
and more risk-seeking you are, the more you can use. The more conservative and more risk-averse you are, the lesser you can use. Or
even not use at all. It all depends on your trading experience, your trading philosophy, your appetite for risk and your hunger for adventure.
With that, I leave you with these quotations....
" A pessimist sees risks in times of certainty.
An optimist sees opportunities in times of uncertainty."
" Be fearful when others are greedy.
Be greedy when others are fearful."
" The best time to buy stocks is when there is blood-letting on the streets, even if it is your own blood."
" When the enemy presents you with an opening, move in and penetrate immediately."
Below is my comments: It only apply to Blue chips and the company fundamental is still ok. Cannot use it to apply any other counters and esp penny and ultra penny counter . Sometimes we didn't see them recover. So pls trade within your own financial means ! Do not borrow or on high margin to play stock .I think You may get into serious trouble .. trade with extra cautious!
Quote:
The ability to LOON until the stock makes its U-Turn and come back up to erase all your paper loss is closely intertwined with
the size of your reserve army. The bigger your reserve army, the stronger your ability to LOON. And the size of your reserve
army is in turn tied to whether you did overtrade.
When you trade with a cash account, once you have used up all your capital, you stop buying. You pay for your shares and sit
out the rest of the downturn and patiently wait for the stock to find its bottom, U-Turn, and come back up to your entry price.
That' s if you stop buying. But if you didnt stop buying...you continued to do contra trades after you ran out of capital, that' s
overtrading. If the stock does not find its bottom and U-Turn within the contra period, you will have to cut and take the loss.
When you trade with a CFD account, observe your one-third rule. Use the 1st one-third of your capital to open positions. Open
wisely based on best prices under best conditions, not carelessly buy thinking that you still have two-thirds of your army. Treat
your troops with respect. Treat them like they are your brothers. You wont risk your brothers' lives and send them on a suicide
mission, will you? Ofcoz not. So when you start buying with your 1st one-third of your army, buy under best prices and best
conditions using your indicators and doing the best you can. If wrong and your 1st one-third is stuck, you can do nothing and
watch first. Wait for the selling to stop. Then use your 2nd one-third of your troops to nibble slowly to average down (or average
up if you are SHORTing). Bear in mind that your 2nd one-third of your troops has another function --- to pay com and daily interest
plus to buffer paper loss for your stuck positions.
You should never touch your last one-third to average down (or up) when the market is still falling. You need that last one-third to
give you that security blanket and confidence to weather out any further downside. It is this last one-third of your reserve army which
enables you to sleep well each night and get on with your life. When the U-Turn comes, you can either do nothing and let the rising
tide erase your paper loss first. When enough troops are converted from paper loss to Avaliable To Deal, you can use those converted
troops to add more positions. Or if you are aggressive, you can use some of your last one-third of reserve troops to add more positions
to ride on the recovery. How much of the last one-third reserve troops you can use --- there is no hard and fast rule. The more aggressive
and more risk-seeking you are, the more you can use. The more conservative and more risk-averse you are, the lesser you can use. Or
even not use at all. It all depends on your trading experience, your trading philosophy, your appetite for risk and your hunger for adventure.
With that, I leave you with these quotations....
" A pessimist sees risks in times of certainty.
An optimist sees opportunities in times of uncertainty."
" Be fearful when others are greedy.
Be greedy when others are fearful."
" The best time to buy stocks is when there is blood-letting on the streets, even if it is your own blood."
" When the enemy presents you with an opening, move in and penetrate immediately."
Below is my comments: It only apply to Blue chips and the company fundamental is still ok. Cannot use it to apply any other counters and esp penny and ultra penny counter . Sometimes we didn't see them recover. So pls trade within your own financial means ! Do not borrow or on high margin to play stock .I think You may get into serious trouble .. trade with extra cautious!
Thursday, June 27, 2019
Keppel Corp
Chart wise, looks Bullish!
After touching the low of 5.95, it has managed to stage a nice recovery and rises higher to close well at 6.67 , looks rather positive!
Short term wise, I think it may rise higher to retest 6.80 then 6.96 level.
Not a call to buy or sell.
Pls dyodd.
After touching the low of 5.95, it has managed to stage a nice recovery and rises higher to close well at 6.67 , looks rather positive!
Short term wise, I think it may rise higher to retest 6.80 then 6.96 level.
Not a call to buy or sell.
Pls dyodd.
Sembcorp Ind
Chart wise, seems to have bounced off from the lower trend line of 2.39 and rises higher to touch 2.44, looks Bullish!
Short term wise, I think it may move up to retest 2.50 then 2.53.
Not a call to buy or sell.
Pls dyodd.
Short term wise, I think it may move up to retest 2.50 then 2.53.
Not a call to buy or sell.
Pls dyodd.
Wednesday, June 26, 2019
SingTel
Chart wise,looks Bullish!
The bull is in full control!
After touching the low of 2.97, It has managed to stage a strong recovery and rises higher to hit 3.51 this morning, this is rather positive.
This momentum is likely to drive the price higher !
The SMA lines has been rising nicely and orderly which is a strong indication that the price may continue to trend higher.
Short term wise,I think it may likely retest 3.54 then 3.60. Breaking out of 3.60 smoothly plus good volume that may drive the price higher towards 3.70 then 3.76.
Not a call to buy or sell.
Pls dyodd.
This momentum is likely to drive the price higher !
The SMA lines has been rising nicely and orderly which is a strong indication that the price may continue to trend higher.
Short term wise,I think it may likely retest 3.54 then 3.60. Breaking out of 3.60 smoothly plus good volume that may drive the price higher towards 3.70 then 3.76.
Not a call to buy or sell.
Pls dyodd.
Tuesday, June 25, 2019
SGX
TA wise,looks Bullish!
After hitting the high of 7.95 it is now taking a breather.
The current price of 7.85 is staying above it's SMA lines, looks rather positive that it may continue to trend higher.
Short term wise, I think it may re-attempt 7.95 .
Breaking out of 7.95 smoothly plus good volume it may likely rise further to test 8.00 then 8.05 with extension to 8.20..
Not a call to buy or sell.
Pls dyodd.
After hitting the high of 7.95 it is now taking a breather.
The current price of 7.85 is staying above it's SMA lines, looks rather positive that it may continue to trend higher.
Short term wise, I think it may re-attempt 7.95 .
Breaking out of 7.95 smoothly plus good volume it may likely rise further to test 8.00 then 8.05 with extension to 8.20..
Not a call to buy or sell.
Pls dyodd.
Sunday, June 23, 2019
Synagie
Chart wise, looks bullish!
Double bottoming !
It has managed to bounce-off from the low of 6 cents and rises higher to hit 15.3 cents, looks positive!
My Trading plan:
EP 15.3 cents.
TP 17 to 20 cents.
SL 14 cents.
Short term wise, I think it may likely continue to trend higher!
Do take note that this is a Penny stocks counter and is always good to exercise with due care!
Not a call to buy or sell.
Pls dyodd.
Double bottoming !
It has managed to bounce-off from the low of 6 cents and rises higher to hit 15.3 cents, looks positive!
My Trading plan:
EP 15.3 cents.
TP 17 to 20 cents.
SL 14 cents.
Short term wise, I think it may likely continue to trend higher!
Do take note that this is a Penny stocks counter and is always good to exercise with due care!
Not a call to buy or sell.
Pls dyodd.
Saturday, June 22, 2019
Genting
TA wise, looks bullish!
It has managed to bounce-off from the low of 85.5 cents to hit the high of 93.5 cents, looks positive!
The current price is staying above its 20 & 50 days moving average , looks bullish!
Short term wise, I think it may likely move up to retest 95 then 1.00 with extension to 1.10.
Not a call to buy or sell.
Pls dyodd.
It has managed to bounce-off from the low of 85.5 cents to hit the high of 93.5 cents, looks positive!
The current price is staying above its 20 & 50 days moving average , looks bullish!
Short term wise, I think it may likely move up to retest 95 then 1.00 with extension to 1.10.
Not a call to buy or sell.
Pls dyodd.
Genting Singapore Limited (“Genting Singapore”) was incorporated in 1984 in the Isle of Man. Genting Singapore was converted into a public limited company on 20 March 1987 and listed on the Main Board of the Singapore Exchange Securities Trading Limited on 12 December 2005. On 1 June 2018, Genting Singapore transferred its domicile from Isle of Man to Singapore.
For over 30 years, Genting Singapore and its subsidiaries (the “Group”) have been at the forefront of gaming and integrated resort development in Australia, the Bahamas, Malaysia, the Philippines, Singapore and the United Kingdom. Today, we are best known for our award-winning flagship project, Resorts World™ Sentosa in Singapore, which is one of the largest fully integrated destination resorts in South East Asia.
Genting Singapore is ranked among Singapore’s largest public-listed companies. Genting Singapore is a constituent stock of the FTSE Straits Times Index.
Hong Fok
Chart wise, looks pretty interesting!
It has managed to bounce-off from the low of 77 cents and rises higher to hit 85.5 cents.
Will we be seeing a follow-through action !
Short term wise, I think it may likely re-attempt 85.5 cents.
Crossing over with ease + good volume that may drive the price higher towards 90 cents then 95 cents with extension to 1.00.
Not a call to buy or sell.
Pls dyodd.
1st Quarter 2019 result - The Group posted a revenue of approximately $27.2 million for this period as compared to $17.7 million in the previous corresponding period. The increase was mainly due to the recognition of revenue from the sales of its development properties in Singapore and higher rental income from its investment properties including YOTEL Singapore Orchard Road (“YOTEL”).
Hence, the Group posted a profit of approximately $5.1 million as compared to $0.6 million in the previous corresponding period. The Group’s profit attributable to Owners of the Company was approximately $5.5 million as compared to $1.5 million in the previous corresponding period.
The right-of-use asset was mainly related to lease of the office units occupied by the Group in Hong Kong. The increase in other investments was mainly due to purchase of shares and bonds and valuation of its other investments at fair value as at 31 March 2019. The non-current asset held for sale in 2018 was disposed off in February 2019. The lease liabilities as at 31 March 2019 were due to the adoption of SFRS(I) 16 with effect from 1 January 2019.
The Group increased its non-current loans and borrowings due to drawdown of its secured loans to redeem its $120 million 4.75% unsecured fixed rate notes on its due date, 22 March 2019 and for its purchase of other investments.
Subsequently, on 28 March 2019, the Company issued $100 million 4.2% unsecured fixed rate notes from its $600 million Multicurrency Debt Issuance Programme to partially repay these secured loans. The decrease in loans and borrowings under current liabilities was mainly due to the redemption of its $120 million unsecured fixed rate notes on its due date. The decrease in trade and other payables was mainly due to the payments of accrued development costs, employee benefit expenses and finance expense. The increase in current tax liabilities was mainly due to provision of tax for this period.
The total debts to equity ratios is pretty healthy at 0.25 .
The current price of 84 cents is trading at P/B of 0.304x.
NAV is 2.76.
Management has been buying back share from 79,79.5 to 82.5 cents .
https://links.sgx.com/FileOpen/_FORM1_CSE_Final.ashx?App=Announcement&FileID=562653
https://links.sgx.com/FileOpen/_FORM1_CSE_Final.ashx?App=Announcement&FileID=562653
It has managed to bounce-off from the low of 77 cents and rises higher to hit 85.5 cents.
Will we be seeing a follow-through action !
Short term wise, I think it may likely re-attempt 85.5 cents.
Crossing over with ease + good volume that may drive the price higher towards 90 cents then 95 cents with extension to 1.00.
Not a call to buy or sell.
Pls dyodd.
1st Quarter 2019 result - The Group posted a revenue of approximately $27.2 million for this period as compared to $17.7 million in the previous corresponding period. The increase was mainly due to the recognition of revenue from the sales of its development properties in Singapore and higher rental income from its investment properties including YOTEL Singapore Orchard Road (“YOTEL”).
Hence, the Group posted a profit of approximately $5.1 million as compared to $0.6 million in the previous corresponding period. The Group’s profit attributable to Owners of the Company was approximately $5.5 million as compared to $1.5 million in the previous corresponding period.
The right-of-use asset was mainly related to lease of the office units occupied by the Group in Hong Kong. The increase in other investments was mainly due to purchase of shares and bonds and valuation of its other investments at fair value as at 31 March 2019. The non-current asset held for sale in 2018 was disposed off in February 2019. The lease liabilities as at 31 March 2019 were due to the adoption of SFRS(I) 16 with effect from 1 January 2019.
The Group increased its non-current loans and borrowings due to drawdown of its secured loans to redeem its $120 million 4.75% unsecured fixed rate notes on its due date, 22 March 2019 and for its purchase of other investments.
Subsequently, on 28 March 2019, the Company issued $100 million 4.2% unsecured fixed rate notes from its $600 million Multicurrency Debt Issuance Programme to partially repay these secured loans. The decrease in loans and borrowings under current liabilities was mainly due to the redemption of its $120 million unsecured fixed rate notes on its due date. The decrease in trade and other payables was mainly due to the payments of accrued development costs, employee benefit expenses and finance expense. The increase in current tax liabilities was mainly due to provision of tax for this period.
The total debts to equity ratios is pretty healthy at 0.25 .
The current price of 84 cents is trading at P/B of 0.304x.
NAV is 2.76.
Management has been buying back share from 79,79.5 to 82.5 cents .
https://links.sgx.com/FileOpen/_FORM1_CSE_Final.ashx?App=Announcement&FileID=562653
https://links.sgx.com/FileOpen/_FORM1_CSE_Final.ashx?App=Announcement&FileID=562653
Friday, June 21, 2019
QAF
Yesterday the selling down with a wide Bearish bar coupled with high volume + price was down 4.5 cents to close at 70 cents looks super bearish!
The chart is damaged and price may likely continue to go further down.
Short term wise, I think it may go down to retest 68 level.
Breaking down of 68 cents with high volume that may see further selling down pressure and press the share price further down towards 60 cents level.
Current PE I think is very high at around 50x.
NAV 89 cents.
I am doubtful they can maintain the dividend of 5 cents looking at their FCF being generated.
Just had a looked on their FY 2018 cash flow statements.
FCF is negative for FY2017 & FY2018.
seem a red flag to me!
FCF for FY2017 , Net Cash from Ops is $61916 less Capex $60660, FCF = $1256. Dividend payout of $19206 How to support this kind of dividend payout..
FCF for FY2018 is worst . Net Cah from Ops $20932 less Capex $74384 , FCF -$53452.
Dividend payout of $23441. Looks scarely..
Had also looked into their recent 1st Quarter 2019 financial result.
FCF looks slightly improve but is still far from enough to cover the dividend payout of $23441.
I think dividend is not sustainable.
Not a call to buy or sell.
Pls dyodd.
The chart is damaged and price may likely continue to go further down.
Short term wise, I think it may go down to retest 68 level.
Breaking down of 68 cents with high volume that may see further selling down pressure and press the share price further down towards 60 cents level.
Current PE I think is very high at around 50x.
NAV 89 cents.
I am doubtful they can maintain the dividend of 5 cents looking at their FCF being generated.
Just had a looked on their FY 2018 cash flow statements.
FCF is negative for FY2017 & FY2018.
seem a red flag to me!
FCF for FY2017 , Net Cash from Ops is $61916 less Capex $60660, FCF = $1256. Dividend payout of $19206 How to support this kind of dividend payout..
FCF for FY2018 is worst . Net Cah from Ops $20932 less Capex $74384 , FCF -$53452.
Dividend payout of $23441. Looks scarely..
Had also looked into their recent 1st Quarter 2019 financial result.
FCF looks slightly improve but is still far from enough to cover the dividend payout of $23441.
I think dividend is not sustainable.
Not a call to buy or sell.
Pls dyodd.
Bank counter UOB,dbs & ocbc
I think is always good to secure the profit!
Market has been rising due to news like trade saga and future interest rate cut .
US indexes has been approaching the dangerous zone. I think is good to be extra cautious!
We have a 10 good years of bull market and is about time for the indexes to be corrected .
The 3 bank counters has managed to rebound from the oversold territory and I think is always a good to lock in profit.
I think not much room to go higher unless trigger by some positive news.
UOb latest chart
DBs latest chart
Ocbc latest chart
Chart wise, the three bank counter are showing a reversal patterns as all 3 counters are having quite similar chart patterns.
UOb chart patterns standout amongst the other two counters and close slightly near the overhead resistance at 26.15.
TA wise,looks Bullish !
It is usually quite normal for price not to be able to Pierce through the resistance . With this bullish momentum, I think it may continue to rise further!
Dbs has a very nice Gap up yesterday and close slightly higher at 25.43. It has managed to take out the recent high of 25.40 , looks positive!
Short term wise, I think it may rise higher to test 26.00 then 26.50 - 26.95.
Ocbc also experience a nice Gap up yesterday and close well at 11.18, looks positive!
If it is able to cross over 11.20 smoothly plus good volume then high chance it may rise higher to retest 11.50 again!
Not a call to buy or sell.
Pls dyodd.
Market has been rising due to news like trade saga and future interest rate cut .
US indexes has been approaching the dangerous zone. I think is good to be extra cautious!
We have a 10 good years of bull market and is about time for the indexes to be corrected .
The 3 bank counters has managed to rebound from the oversold territory and I think is always a good to lock in profit.
I think not much room to go higher unless trigger by some positive news.
UOb latest chart
- 19th June 2019
Chart wise, the three bank counter are showing a reversal patterns as all 3 counters are having quite similar chart patterns.
UOb chart patterns standout amongst the other two counters and close slightly near the overhead resistance at 26.15.
TA wise,looks Bullish !
It is usually quite normal for price not to be able to Pierce through the resistance . With this bullish momentum, I think it may continue to rise further!
Dbs has a very nice Gap up yesterday and close slightly higher at 25.43. It has managed to take out the recent high of 25.40 , looks positive!
Short term wise, I think it may rise higher to test 26.00 then 26.50 - 26.95.
If it is able to cross over 11.20 smoothly plus good volume then high chance it may rise higher to retest 11.50 again!
Not a call to buy or sell.
Pls dyodd.
Thursday, June 20, 2019
Daily Leverage Certificates ( DLCs)
Daily Leverage Certificates ( DLCs)
What is Daily Leverage Certificates
(DLCs)?
It is actually a financial instruments that is designed to
multiply the Daily Performance of an Underlying Assets with a leveraging effect
of example 3x , 5x or 7x DLC .
If the underlying
asset moves by 1% from its closing price of the previous trading day, the value
of a 3x DLC will move by 3%, and that of a 7x DLC will move by 7%.
Example : If the
underlying asset moves goes up by 1% and you have chosen 3x Long DLC would have
gone up by 3%. Let say you have bought using 3x Long DLC with $3000 today and
the underlying asset price is 100. Tomorrow the price goes up to 101( up by 1%)
, your 3x Long DLC value would be increasing to $3090( up by 3%) before the
broker commission/other fees etc .
Theoretically you
would have generated a gain of $90 excludes costs and fees.
On the other hands,
if the underlying assets price drops by 1%, your 3x Long DLC investment value
would also drop to $2910( down by 3%) before costs and fees. You have generated
a loss of $90.
DLC comes in Long and Short versions. While Long DLC provides
leveraged return versus the Underlying Asset, Short DLC provides a positive
(and leveraged) return when the Underlying Asset declines.
All the current single stock DLCs have a leverage of 5,
while index DLCs come in 3 choices of 3, 5, and 7 times leverage.
Is DLCs suitable for me?
DLCs are designed for active
investors or traders who have financial knowledge and experience in trading
leverage products and willing to take a higher risk. It is designed for
sophisticated investors who are looking for the potential to make enhanced
returns from the daily benchmark indices or stock counters.
To be eligible or qualified as a DLCs investors or traders, he
or she will need to be SIP qualified before they can start to trade on DLCs
product.
Under MAS’ guidelines to enhance safeguards to
retail investors, brokers must assess if investors have the relevant knowledge
and experience before they can invest in “Specified Investment Products”. SIPs
are products that have structures, features and risks that may be more complex
and include DLCs.
Investors or traders need to complete a
customer account review with their respective broker. The criteria used to
qualify the investor in the customer account review consist of Educational
Qualifications, Work Experience and Investment Experience. Investors will need
to satisfy one of the 3 criteria above to qualify.
DLCs is a simple financial instrument designed for
short-term traders . The holding period of an average trade generally can range
from a day to a couple of weeks. If you only want to invest in the most stable
stocks and get the regular dividend yield, then DLCs is not really suitable for
you. But if you have a short-term view on a stock/index and would like to get a
convenient leverage to enlarge the potential return, then you may consider trading
a DLCs.
What should I know before I start trading
DLCs
DLCs are listed on SGX like a stock, and they are also
traded like a stock. If you have a stock broker account that can trade say any
single stock share, you can use the same broker account to trade DLCs too.
Unlike some other leveraged investment products, there is no margin requirement
for DLCs.
The list of DLCs counters are listed on this website.
Below is a snap-shot of the list of DLCs counters and their bid
and asking price.
Costs & Fees
Investors trading in and out of a DLCs in the
same trading day will need to pay a brokerage commission and SGX trading fee to
their broker, and the spread on the bid & ask prices (the difference
between the offer price paid when buying the DLCs and the bid price received
when selling the DLCs).
If traders/investors wishes to hold overnight
then other charges like Management fees
, Gap Premium(is a hedging cost that protects the product
from extreme market movements overnight. Without the gap premium, if the
underlying asset were to open more than 20% against the intended direction of a
5x DLC, the loss in the value of the DLC could be more than 100% (loss of 5
times 20%) + Funding costs and Rebalancing costs.
Risks of
dealing with DLCs
Counter party risk - These products are issued by a third-party
and may be guaranteed by a guarantor. Any failure of the issuer or guarantor to
perform obligations when due, may result in the loss of all or part of an
investment. If the issuer is not incorporated in Singapore, any insolvency
proceedings in respect of the issuer will be subject to foreign insolvency laws
and procedures.
Market price of the DLC may be affected by many factors -
Investors should note that
the market price of the DLC may be affected by different factors, including but
not limited to the level, volatility and liquidity of the underlying asset, and
its related futures contracts, the currency exchange rates and the credit
worthiness of the issue
Investor may lose his entire investment -
If the underlying asset
falls to levels such that the cash settlement amount is calculated to be less
than or equal to zero, the investor will lose his entire investment. In the
event the value of a DLC reaches zero /becomes worthless, the issuer may
request that the DLC be suspended and subsequently apply for them to be
de-listed.
To summarize the benefits of using DLCs:
Easy to understand – returns can be boosted by a
fixed daily leverage; trades like a normal single stock.
Can do both Long or Short DLCs trade to take
advantage of the price direction.
Limited losses – losses are
limited to the initial capital invested.
Compounded
method - the
performances each day are locked in and subsequent returns are based on what
was achieved the day before.
The Air Bag Mechanism - Air
Bag mechanism is designed to slow down the rate of loss on the index during
extreme market conditions. The reset takes place over a period of 30mins.
This is designed to reduce the impact of any subsequent fall.
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advice.
Wednesday, June 19, 2019
UOb,Dbs and Ocbc
Chart wise, the three bank counter are showing a reversal patterns as all 3 counters are having quite similar chart patterns.
UOb chart patterns standout amongst the other two counters and close slightly near the overhead resistance at 26.15.
TA wise,looks Bullish !
It is usually quite normal for price not to be able to Pierce through the resistance . With this bullish momentum, I think it may continue to rise further!
Dbs has a very nice Gap up yesterday and close slightly higher at 25.43. It has managed to take out the recent high of 25.40 , looks positive!
Short term wise, I think it may rise higher to test 26.00 then 26.50 - 26.95.
Ocbc also experience a nice Gap up yesterday and close well at 11.18, looks positive!
If it is able to cross over 11.20 smoothly plus good volume then high chance it may rise higher to retest 11.50 again!
Not a call to buy or sell.
Pls dyodd.
UOb chart patterns standout amongst the other two counters and close slightly near the overhead resistance at 26.15.
TA wise,looks Bullish !
It is usually quite normal for price not to be able to Pierce through the resistance . With this bullish momentum, I think it may continue to rise further!
Dbs has a very nice Gap up yesterday and close slightly higher at 25.43. It has managed to take out the recent high of 25.40 , looks positive!
Short term wise, I think it may rise higher to test 26.00 then 26.50 - 26.95.
If it is able to cross over 11.20 smoothly plus good volume then high chance it may rise higher to retest 11.50 again!
Not a call to buy or sell.
Pls dyodd.
Tuesday, June 18, 2019
DBS
Market could be heading higher due to anticipation of the trade saga meeting and may be a deal.
Nothing is certained at this moment! I think it is purely speculation!
Dow jump overnight more than 350 points.
I guess today bank counter may head higher !
Just now saw DBS opening price of 26.04. Is it sustainable! I doubt so!
Yesterday closing price was 24.80.
It may be a bull trap !
Let's see!
Not a call to buy or sell.
Pls dyodd.
Nothing is certained at this moment! I think it is purely speculation!
Dow jump overnight more than 350 points.
I guess today bank counter may head higher !
Just now saw DBS opening price of 26.04. Is it sustainable! I doubt so!
Yesterday closing price was 24.80.
It may be a bull trap !
Let's see!
Not a call to buy or sell.
Pls dyodd.
Sunday, June 16, 2019
Keppel Corp
Chart wise, looks like it may likely re-captured 6.32 and continue to rise further!
NAV 6.345
Dividend of 30 cents
Yield 4.76 % base on current price of 6.30.
Short term wise, I think a breakout of 6.32 smoothly with good volume that may likely rise towards 6.40 then 6.50 with extension to 6.78.
Not a call to buy or sell.
Pls dyodd.
NAV 6.345
Dividend of 30 cents
Yield 4.76 % base on current price of 6.30.
Short term wise, I think a breakout of 6.32 smoothly with good volume that may likely rise towards 6.40 then 6.50 with extension to 6.78.
Not a call to buy or sell.
Pls dyodd.
Saturday, June 15, 2019
Astrea V
Astrea V Bond CLASS A-1 SECURED FIXED RATE BONDS @ 3.85% interest per annum.
Payment of interest mode - half year basis on 20 June & 20 December.
Schedule Call date - 20 June 2024
Maturity date - 20 June 2029.
Do Note that there is NO Capital Guaranteed ..
Application date start from 12 June 9am to 18 June noon time.
Start trading date on 20 June 2019 9am.
I have applied a bit via internet banking to try my luck.
My intention is to make some Kopi money .
You may take a look at their past Cash flow statement.
Also how the payment will be payout from the IPO prospectus.
Not a call to apply/subscribe this IPO.
Not a call to buy or sell.
Pls dyodd.
Payment of interest mode - half year basis on 20 June & 20 December.
Schedule Call date - 20 June 2024
Maturity date - 20 June 2029.
Do Note that there is NO Capital Guaranteed ..
Application date start from 12 June 9am to 18 June noon time.
Start trading date on 20 June 2019 9am.
I have applied a bit via internet banking to try my luck.
My intention is to make some Kopi money .
You may take a look at their past Cash flow statement.
Also how the payment will be payout from the IPO prospectus.
Not a call to apply/subscribe this IPO.
Not a call to buy or sell.
Pls dyodd.
Koufu
TA wise, looks bearish!
After hitting the high of 82.5 cents, it has since retreated sharply and slide further down to touch 67 cents, looks rather negative.
The current price of 68 cents is hovering near the support level of 67 cents.
Breaking down of this support level at 67 cents, may likely go further down to retest 63 cents.
NAV 16.93 cents.
EPS of 5 cents ( 1.25 x 4)
PE is about 13.65 x base on current price of 68 cents.
dividend of 2.2 cents, yield of 3.23% looks quite decent.
First quarter 2019 results seem not bad.
Achieving a Net Profit of 6.958m an increased of 12.7% versus 6.173m last year.
The vast improvement in their Ops cash flow of 25.7m versus 10.7m last year looks pretty impressive!
Cash-on-hands of 66.5m with less than 5m loan , Net cash per share is about 11.07 cents.
dividend payment of 2.2 cents is about 12m per year.
With their robust Ops cash flow/FCF, I think they can afford to increase their dividend payout of let say increment of 0.5 cents every year for next 5 years to bring the yearly dividend to 4.5 cents .
I think the company robust FCF should be able to support the dividend payout of 4.5 cents a year which is about 24.98m.
Not a call to buy or sell.
Pls dyodd.
After hitting the high of 82.5 cents, it has since retreated sharply and slide further down to touch 67 cents, looks rather negative.
The current price of 68 cents is hovering near the support level of 67 cents.
Breaking down of this support level at 67 cents, may likely go further down to retest 63 cents.
NAV 16.93 cents.
EPS of 5 cents ( 1.25 x 4)
PE is about 13.65 x base on current price of 68 cents.
dividend of 2.2 cents, yield of 3.23% looks quite decent.
First quarter 2019 results seem not bad.
Achieving a Net Profit of 6.958m an increased of 12.7% versus 6.173m last year.
The vast improvement in their Ops cash flow of 25.7m versus 10.7m last year looks pretty impressive!
Cash-on-hands of 66.5m with less than 5m loan , Net cash per share is about 11.07 cents.
dividend payment of 2.2 cents is about 12m per year.
With their robust Ops cash flow/FCF, I think they can afford to increase their dividend payout of let say increment of 0.5 cents every year for next 5 years to bring the yearly dividend to 4.5 cents .
I think the company robust FCF should be able to support the dividend payout of 4.5 cents a year which is about 24.98m.
Not a call to buy or sell.
Pls dyodd.
Friday, June 14, 2019
How much share to Buy?
Position Sizing - it plays an important role of protecting the trader for being over exposed to a particular trade by minimizing the risk .
The percentage (%) of risk can be measure in terms of 1-5 or 6-10 % that you can afford to loss for each trade.
How to work out the maximum quantity for each trade that depends of each an individual risk tolerance level.
For example, person A can only tolerate a loss of 3% for each trade.
Let's say he has $10000 as capital. 3% risk appetite.
The formula is roughly as follow:-
10000 x 3% ( risk per trade - 1-10%)
--------------------------------------------
Entry Price less Cut Loss price
= 300
--------------------------
$1.00(EP) - $0.95(SL)
300
= ------- = 6000 share.
0.05
Person A capital for his /her trade is 6000 x $1.00 = $6000
For example , person B risk appetite is 5%.
let's say he or she has $12000 as capital , 5% risk exposure.
The formula is roughly as follows:-
12000 x 5% (% risk per trade)
-------------------------------------
$1.10(EP) less $1.01(SL)
600
= ---------
0.09
= 6600 share.
Person B, he/she capital for this trade would be 6600 x $1.10 = $7260
The above example is meant for educational illustration and is not an advice or recommendation for any particular stock trading.
Pls dyodd.
The percentage (%) of risk can be measure in terms of 1-5 or 6-10 % that you can afford to loss for each trade.
How to work out the maximum quantity for each trade that depends of each an individual risk tolerance level.
For example, person A can only tolerate a loss of 3% for each trade.
Let's say he has $10000 as capital. 3% risk appetite.
The formula is roughly as follow:-
10000 x 3% ( risk per trade - 1-10%)
--------------------------------------------
Entry Price less Cut Loss price
= 300
--------------------------
$1.00(EP) - $0.95(SL)
300
= ------- = 6000 share.
0.05
Person A capital for his /her trade is 6000 x $1.00 = $6000
For example , person B risk appetite is 5%.
let's say he or she has $12000 as capital , 5% risk exposure.
The formula is roughly as follows:-
12000 x 5% (% risk per trade)
-------------------------------------
$1.10(EP) less $1.01(SL)
600
= ---------
0.09
= 6600 share.
Person B, he/she capital for this trade would be 6600 x $1.10 = $7260
The above example is meant for educational illustration and is not an advice or recommendation for any particular stock trading.
Pls dyodd.
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