Saturday, January 30, 2016

Noble

Noble - 31st Jan 2016

Noble seems to have bounced off from the low of 27.5 cents and closed higher at 31 cents last Friday - 29th Jan 2016. The volume was also high with 92.8m changing hand. This is generally healthy.

Also both MACD & RSI are showing sign of a positive divergence that may provide further indication that the share price may continue to head higher.



Immediate resistance will be at 34 cents.

Breaking out of 34 cents with good volume that may drive the share price higher towards 40 cents with extension to 47 cents.
Food

(trade base on your own decision)

ST Engineering

ST Engineering - 31st Jan 2016

ST Engineering seems to be bounced off from the low of $2.80 and closed higher at $2.87 on last Friday - 29th Jan 2016. Let's hope that it will be able to head higher to retest $2.92 soon!


Both MACD & RSI are showing sign of a positive divergence that may provide further indication that the share price may continue to head higher.

ST Engineering is perhaps one of the resilient defensive stock that is holding up well in this bearish STI market condition.

Breaking out of $2.92 with good volume that may propel to drive the share price higher towards $3.00 with extension to $3.05.

(trade base on your own decision)

Sing Post

Sing Post - 31st Jan 2016

Sing Post is still on a downtrend mode as reflected from the chart.
The current price of $1.335 is staying below both 14SMA & 25SMA lines. This is generally rather bearish.



Also both MACD & RSI are pointing downwards which may provide further indication that the share price may continue to head lower.

Breaking down of $1.28 the previous low may see its price head further down towards $1.20 then $1.10.

It will be always good to lock in your profit for those that has managed to buy below $1.30.

Unless it is able to move up to clear $1.455 then that may reverse this down trend and hopefully to head higher.


(trade base on your own decision)

Keppel Corp

Keppel Corp - 31st January 2016

Keppel Corp seems to be showing sign of moving up to re-test the previous high of $5.24.
Both MACD & RSI are also showing sign of a positive divergence that may provide further indication for the share price to head higher. This is generally quite positive.

With Dow last Friday closed +390 points and oil prices went up , Kep Corp may see further upside from the current price of $5.02 (29th Jan 2016).


Breaking out of $5.24 with good volume that may propel to drive the share price higher towards 5.50 with extension to $6.00.

If later price dropped below $4.69 then perhaps this Reversal trend may not come true.

Entry price $5.24
Stop Loss - $4.80.
TP - $5.50 to $6.00

STI market is down on a downtrend mode.
Any profit will be always good to secure first.
Cannot be greedy in this kind of situation.

(trade base on your own decision)

Thursday, January 28, 2016

WILMAR INTL

WILMAR INTL - 29th January 2016

WILMAR INTL seems to be showing sign of a Reversal trend after hitting the low of $2.61 on 18th January 2016 and managed to head higher to stay above $2.70 for the past few trading days.
Today - 29th January 2016 it has manged to breakout the crucial level at $2.79 and head higher to trade positively at $2.85 with quite a good healthy volume of almost 6m shares changing hand for mid afternoon trading.


Current price of $2.85 is hovering above both 14SMA & 25SMA lines which is generally rather positive.

Both MACD & RSI are also showing sign of a positive divergence that may provide further catalyst to drive the share price higher towards $2.97 with extension to $3.15 then $3.25.
(trade base on your own decision)

Singapore Post

SingPost - 28th January 2016

SingPost has again experienced another round of heavy selling down from yesterday closing price of $1.39 to closed 9 cents lower at $1.30. The volume is super high as indicated by the RED bar with 31.05m shares changing hand. It is overdue for a technical rebound after this major selling down effect.



On 6th January 2016 we can notice the same similar heavy selling down from the high of $1.59 and closed 8 cents lower at $1.51 with super high volume of 31m of shares changing hand. The next few day trading are trending higher after this major selling down.

Same pattern may happen again after this major selling down today. If this rebound is not strong enough to reverse this downtrend then perhaps it may move down again to re-test $1.28 in extension to $1.20 then $1.10.


(trade base on your own decision)

Super Group

Super Group - 28th January 2016

Super Group from TA from of view is still on a down trend mode as reflected from the chart . It has been on drifting lower from the high of $1.50 on 20th April 2015 and closed lower at 72.5 cents on 28th January 2016.


Current price of 72.5 cents is still hovering below both 14SMA & 25SMA lines which is generally quite negative. Good news is that it has more or less stabilize after hitting the low of 68 cents on 18th January 2016 and had managed to stay afloat above 70 cents.
MACD & RSI are showing sign of a positive divergence which may provide further indication that the share price may gather strength to head higher to test 80 cents.

Breaking out of 80 cents with high volume that may reverse this downtrend and provide further catalyst to drive the share price higher towards 87 cents then 96 cents.

EPS of about 4 cents . PE is about 18 times seem reasonable for a growth stock counter.
Yield is about 4.2 percents if they maintain 3.1 cents dividend for Year 2016.

(trade base on your own decision)

Wednesday, January 27, 2016

CordLife

Cord Life - 17th January 2016

Cord Life has a very impressive run from the low of $1.10 and rally all the way UP to touch the high of $1.715 on 25th January 2016. This is one of the stock counter that is able to trend higher despite broad market selling down.



The current price of $1.66 is trending nicely above both 14SMA & 25SMA lines which is rather bullish. Also both MACD & RSI are still pointing upwards which may provide further indication that the share price may continue to head higher.

Today closed at $1.66 with low volume seems very healthy for a uptrend stock to pause and getting ready to charge up to test $1.715. Breaking out of $1.715 with good volume that may propel to drive the share price to All Time High at $1.80 then $1.90.

If price later drop below $1.60 then perhaps this uptrend mode may not follow through.
Always practice to set your cut loss price level to safe guard your capital in case the trend goes against your direction.

(trade base on your own decision)

UOB

UOB - 27th January 2016

UOB has gone into downtrend mode after hitting the high of $19.74 on 30th Dec 2015 and closed lower at $17.44 on 17th Jan 2016. This is rather bearish.

The current price of $17.44 is hovering below both 14SMA & 25SMA lines which is generally quite negative.


Also MACD is pointing downwards which may provide further indication that the share price may continue to head lower. The only consolation is that RSI is showing sign of a positive divergence.

STI may attempt to go down to test 2520 level. If that happens UOB may likely follow suit to go down to test $17.00.

Market is being geared towards down side . Unless tonight Dow can close positively with some good news from FED regarding interest rate direction.

If not,breaking down of $17.00 may drive the share price to trend lower towards $16.00 then $15.00.

In my opinion if the price is able to cross over $18.40 with ease and couple with high volume then that may reverse this downtrend and may head higher to test $19.20 then $20.00.
(trade base on your own decision)

Tuesday, January 26, 2016

DBS

DBS - 26th January 2016

From the chart we can notice that DBS attempted to do a technical rebound on 25th January 2016 with the nice Gap up to $14.10 when started trading and closed higher at $14.15. The volume was also quite high which is rather positive. But it has soon given up this rebound as witness on today closing price of $13.76 which is slightly lower then the previous low of $13.77 on 21st Jan 2016.
This is generally rather bearish.

Both MACD & RSI are still pointing downwards which may provide further indication that the share price may continue to head lower.
Short term wise it may continue to trend lower towards $13.00.
Breaking down of $13.00 may see it goes down to re-visit $12.00.


(trade base on your own decision)


Monday, January 25, 2016

OLAM International

Update - OLAM International - 25th January 2016

Olam International today has broken down the previous low of $1.61 as reflected on the chart with a Long Black candle stick , this is generally very negative.

As mentioned before , there is not much major support to stop the price from drifting lower.
Short term can expect the price to fall further towards $1.50 then $1.45.
(trade base on your own decision)


Olam Intl - 17th January 2016

Olam Intl has broken down the critical support level at $1.68 on 15th January and close lower at $1.665. This is rather bearish. the current price is staying below both 14SMA & 25SMA lines and may see further weakness for the price to head lower.

Also both MACD & RSI are pointing downwards which may be a tell tale sign that the price may continue to trend lower.



From the chart we can see that there is not much major support to stop the price to fall from $1.665 to $1.46 that was tested in Jan 2014.

Short term wise STI market is gearing more towards down side / bearish mode and it may be possible for Olam Intl to re-test the low of $1.46 again.
(trade base on your own decision)

Saturday, January 23, 2016

ComfortDelGro

Comfort DelGro - 24th January 2016

Comfort DelGro - 24th January 2016

Comfort DelGro has been on a downtrend mode after hitting the high of $3.05 on 6th January 2016 and head lower to close at $2.88 on 22nd January 2016.
The current price of $2.88 is hovering below both 14SMA & 25SMA lines which is generally quite bearish.



Also MACD indicator are pointing  downwards which may provide further indication that the price may continue to head lower to re-test the previous low of $2.79.

Breaking down of $2.79 with high volume that may send the price to head further South towards $2.58. 

Any rebound will be a good options to consider to take profit or exit.
(trade base on your own decision)

Friday, January 22, 2016

KepCorp

Update - Keppel Corp - 25th January 2016

There is no sign of reversal or U-turn yet as indicated from the chart.


Today price gap up to $5.11 but closed lower at $4.81 plus high volume , this is rather bearish.
Short term it may continue to go down to test the previous low of $4.64. Breaking down of $4.64 with high volume that may drive the share price to head further towards $4.50 then $4.00 .
(trade base on your own decision)


Keppel Corp - 23rd January 2016

KepCorp is still on a downtrend mode as reflected on the chart, The current price of $5.02 is hovering below both 14SMA & 25SMA lines which is rather negative.



With overnight Dow went up 210 points + oil prices spike with 9% , Monday may see a gap up/strong rebound . Any rebound will be a good options/opportunities to exit or minimize loss.
It may re-visit $5.24 then $5.50.

Do not think that the spike in oil price is due to a sudden increase in demand or a drop of supply.
Generally the whole oil situation is geared towards over supply. With US I think being self- sufficient to produce shale oil to cover their own oil demand and Iran supplying more oil in the context of this oil saga( over supply) .With Saudi continue to supply the same volume/production of oil, it is not going to get any better. I think many people are buying Oil Tanker to store the oversupply oils.
With China economy not so rosy , the whole situation may get worse.

Please trade extra cautiously.
(trade base on your own decision)



SingPost

Update :  Singapore Post - 27th January 2016

Today we have witnessed the free fall of the price from the high of $1.465 and closed lower at $1.39. The volume is also quite high.This is super bearish.

Short term wise it may be due for a technical rebound as the prices has been driven into an oversold territories.


It is still on a downtrend mode and even if a technical rebound may happen it is still being geared towards down side.
Further breaking down of $1.38 may likely see the share price head lower towards $1.30 with extension to $1.25.

At $1.25(yield about 5.6%) Fair value may set in and hopefully we may see more people coming in to accumulate to stabilize the price from falling further.

(trade base on your own decision)


Update : Singapore Post - 26th January 2016

SingPost has again went down to touch $1.45 and closed at $1.455 today, this is generally rather negative.

Looks like $1.45 may not be able to hold much longer. MACD are still pointing downwards which may be a tell tale sign the the price may continue to head lower.
Breaking down of $1.45 may see it trend lower towards $1.40 then $1.305.
(trade base on your own decision)



Singapore Post - 23rd January 2016

SingPost has continued to drop further as reflected on the chart with the current price of $1.48 staying way below both 14SMA & 25SMA lines. This is generally very negative.

From the chart you can notice that they were several points where the breaking down occurred as being drawn with the Orange lines marking. Many breaking downs had been driving the share price to head further South. With both the SMA lines trending in a nice and orderly manner direction together with the falling prices , this is viewed as super bearish.



The current downtrend mode so far has yet to show any sign of reversal/U-turn.It has tried to do a counter trend reversal as reflected with the Purple line marking but failed and dropped down on the next Long Black candle stick.  Looks like it may continue to trend lower. Remember to follow the trend, the trend is your friend. Going against the trend may end up heading with the wrong direction and a big hole in your pockets.

Since the current situation is being driven into an oversold territories , a technical rebound may happen anytime. Any rebound will be a good options /opportunities to consider to exit or minimize loss.

If the rebound is not strong enough , it may fail and eventually will be re-testing the low of $1.45 and breaking down may see it head lower towards $1.40 and below.
( trade base on your own decision)

City Dev

City Development - 23rd January 2016

City Dev has been experiencing a selling down from the high of $7.82 on 30th Dec 2015 and close lower at $6.75 on 22nd Jan 2016. The price has been driven to a oversold situation and may expect to see a rebound any moment.


Both MACD & RSI are also pointing to an oversold territories that may be due for a rebound soon.

Due to Dow overnight closed positively , expect to see a surge in price for City Dev come Monday.
It may move up to test $7.00. If the driving force is strong enough it may breakout $7.00 and head higher towards $7.28. These are short term expectation. STI mkt is generally weak and any rebound may be a good choice to take profit or to minimize your loss.
(trade base on your own decision)

Thursday, January 21, 2016

M1

Update - M1 - 23rd January 2016

M1 has again experienced another selling down on last Fri - 22nd January 2016. The selling down is way to overdone. Short term is due for a rebound . Friday again has touched the new low of $2.24 and managed to close higher at $2.28.


Both MACD & RSI are also being driven to an oversold territories which is indicating that a rebound is imminent.
Look for a strong rebound to move up to test $2.44 then $2.51 if the momentum is strong enough.
Of course, the trend is still downtrend. Once has to do their own home work and trade extra cautiously.


M1 - 21st January 2016

M1 from TA point of view is on a downtrend mode as reflected on the chart.
The current price of #2.32 is hovering below both 14SMA & 25SMA lines which is generally quite negative.


From the chart you can notice that there were 3 Black Candle sticks /black soldiers causing the price to slight down from $2.55 to $2.29 within the span of 3 days. Th dropped down is viewed as quite overly extended. Short term wise it is overdue for a rebound.
Also both MACD & RSI are showing sign of oversold that may be indicating that a rebound may be happening anytime.
Co-incidentally ,STI is also oversold and is now approaching the support level at 2520 points that may see a technical rebound soon.

The price of $2.32 is about PE 12.21 times (EPS of 19 cents) which is viewed as quite a good price to accumulate given the yield is about 6.4% per annum ( 15.3 cents dividend).
The final dividend of 8.3 cents had just been declared and may help to support the price from sliding further.
Good time or during recession people will still need a Mobile phone . Therefore, this defensive counter is quite resilient and not really affected much by the economy.

I reckon that the short term target price of $2.56 is possible base on PE 13.5 times.
Long term target price should be somewhere around $2.85 ( about PE 15 times) of which I view is quite reasonable.

(Trade base on your own decision)

Wednesday, January 20, 2016

SPH

SPH - 20th January 2016

SPH has been on a continuous downtrend mode after going ex.dividend on 9th December 2015 .
From the chart we can see that the price has been falling from the high of $3.96 on 31st December 2015 and close the critical support level at $3.50.


From the past 3 days trading it has been hitting $3.50 support level and move up or stay at $3.50 level.
This is happening could be due to the company buying back share to support the price from falling down. As announced from SGX website the company today just bought back 500,000 shares between $3.51 to $3.52 per share.

The current price is staying way below both 14SMA & 25SMA lines which is rather negative.

Also both MACD & RSI are pointing downwards which may provide further indication that the share price may continue to trend lower.

Looks like $3.50 level may not be able to hold long. As it has been continuously re-tested and may soon breaking down and head lower towards $3.20 then $3.00.
Looking back at the historical chart pattern , there seems to be not much support/challenges to prevent the price from falling from $3.50 to $3.20.


(trade base on your own decision)


Tuesday, January 19, 2016

SingTel

SingTel - 19th January 2016

SingTel is on a downtrend mode as reflected on the chart. The current price of $3.50 is staying below both 14SMA & 25SMA lines which is generally quite bearish.

On 21st Dec 2015 SingTel went Ex.Dividend of 6.8 cents and closed lower at $3.67. In fact the previous day high was at $3.76 and the price has been corrected more than the declared dividend.



It had since continued to trend lower and touched $3.40 on 8th January 2016 with high volume. This is generally viewed as quite negative. Also both MACD & RSI are pointing downwards which may provide further indication that the price may continue to head lower to $3.27 then $3.12.

$3.70 is the Resistance level and $3.40 is the current support level.

If it is able to cross over $3.70 with ease then perhaps this may reverse this downtrend and head higher.

If not, Breaking down of $3.40 with high volume that may send the price further down to $3.12.
(trade base on your own decision)

Sunday, January 17, 2016

Olam Intl

Olam Intl - 17th January 2016

Olam Intl has broken down the critical support level at $1.68 on 15th January and close lower at $1.665. This is rather bearish. the current price is staying below both 14SMA & 25SMA lines and may see further weakness for the price to head lower.

Also both MACD & RSI are pointing downwards which may be a tell tale sign that the price may continue to trend lower.



From the chart we can see that there is not much major support to stop the price to fall from $1.665 to $1.46 that was tested in Jan 2014.

Short term wise STI market is gearing more towards down side / bearish mode and it may be possible for Olam Intl to re-test the low of $1.46 again.
(trade base on your own decision)

Wilmar Intl

Wilmar Intl - 17th January 2016

Wilmar Intl on 15th January 2016 has broken down the support level at $2.74 and close lower at $2.67. This is generally rather negative.
The current price of $2.67 is staying below both 14SMA & 25SMA lines which is rather bearish and may see further weakness for the price to head lower.


Both MACD & RSI are also pointing downwards which may provide further indication that the price may head lower to test the next recent low at $2.46.

$2.46 was the historical price dated somewhere back in Nov 2008. If $2.46 has been taken down then it may continue to trend lower towards $2.00.

(trade base on your own decision)

Osim Intl

Osim Intl - 17th January 2016

Osim Intl has broken down the critical support level at $1.00 which is rather bearish.
It has continue to trend lower to close at $0.955 on 15th January 2016.
The current price is now staying below both 14SMA & 25SMA lines which may see further weakness for the price to head lower towards $0.90.




Breaking down of 90 cents , we may see further selling pressure towards 80 cents then 75 cents.

Osim current chart pattern is not so awesome any more. It may be gearing towards further South.
(trade base on your own decision)






Saturday, January 16, 2016

SMRT

SMRT - 17th January 2016

SMRT is on a downtrend mode as reflected from the chart.
The current price of $1.365 is hovering below 14SMA & 25SMA lines which is generally quite negative. It has broken down the support level at $1.38 which is rather crucial and me see further selling down pressure.



Both MACD & RSI are pointing towards downtrend mode which may see further weakness for the price to head lower towards $1.335.

Breaking down of $1.335 with great volume may it price head further South towards $1.29 then $1.20.

Current market trend is gearing towards down trend mode. STI has just broken the critical level of 2700 points and may continue to trend lower towards the next support level at 2520 points.

The market trend is more favourable for shortist .

Shortist may camp over night at $1.335 to wait for this price to be taken out. Once $1.335 has been taken down they can expect to book a profit and let the weakness of the price to fall towards $1.29 then $1.20...

(trade base on your own decision)




Friday, January 15, 2016

KepCorp,SembCorp & SembMarine

Keppel Corp , Semb Corp & Semb Marine

With oil price heading lower and breaking $30 per barrel , it is going to be super bearish and indirectly affecting the future contracts and revenue for Rigs builder  such as Keppel Corp, Semb Marine and Semb Corp Industries.

As reflected on the chart, Keppel Corp has been dropping quite furious from the high of $6.55 to a low of $4.84 within a span of 10 trading days. The price is hovering way below both SMA lines such as 20SMA,50SMA & 100SMA lines which is generally very bearish/negative.



From TA point of view , it is on a down trend mode. With both MACD & RSI driven into a oversold situation , short term wise it is overdue for a technical rebounce. Whether the rebounce is going to be strong or not that also depends quite a lot on oil prices and the China market.

If after the re-bounced and again the price dropping down and breaking down of $4.80 support level that may send the price lower towards $4.50 then $4.00 is imminent.

Quite similar pattern can be seen for Semb Corp Industries from the chart below.:
 Short term wise it may continue to trend lower towards $2.00 then $1.80.

Semb Marine is also in the same situation like Keppel Corp & Semb Corp Industries as reflected from the chart .



It may continue to trend lower towards $1.20 then $1.00 soon.

The situation now is that the oil price is not going to get any better. It may continue to drift lower as it has just broken the $30 barrier that is rather negative.Some analyst are focusing to go lower towards $20 per barrel.


(trade / invest base on your own decision)

Thursday, January 14, 2016

Noble Group

Noble Group - 15th Jan 2016

Noble has been experiencing a heavy selling down due to low oil price and many other analyst downgrading the stock. The current price of 31 cents is hovering below both 14AMA & 25 SMA lines which is rather bearish.


Both MACD & RSI are pointing to an oversold situation. Short term may expect a rebounce from here.

The recent share purchase by company director of 10m shares of about S$3,344,227.50 on 11th Jan could be an indication that the share price is worthed more than current price.

30.05 cents seems to be the current support level. Short term may see it price rebounce to 38 cents and then 43 cents.
(trade base on your own decision)

Wednesday, January 13, 2016

Exchange Traded Fund

Exchange Traded Fund (ETF)

An Exchange Traded Fund is a type of fund which owns the underlying assets (shares of stock, bonds, commodity,gold,foreign currency, oil, etc.) and divides ownership of those assets into shares. The actual investment vehicle structure (such as a corporation or investment trust) will vary by country, and within one country there can be multiple structures that co-exist.

Shareholders do not directly own or have any direct claim to the underlying investments in the Exchange Traded Fund; rather they indirectly own these assets.

Exchange Traded Fund(ETF)  shareholders earned interest or dividends(2-3% or higher) from the proportion of the profits from the pool of underlying assets. Also shareholders may expect to get a residual value in cash if the fund is liquidated. Exchange Traded Fund can easily be purchased from the Singapore Stock exchange or using CFD account to purchase from US Dow zone Industrial Index. that are quite similar to buying and selling of equities /share that are being traded on public stock exchanges.


The unique feature and advantages of trading Exchange Traded Fund is that investors get the diversification of an index fund as well as the ability to sell( short), buy(long) as little as one share or 1000 share ( depends on the lot size being quoted on different country stock change).
Another advantage is that the expense ratios for most ETFs are lower than those of the average equity stock.

Below are the advantages of the expense ratios for trading ETFs being listed on the Singapore exchange website ( http://sgx.com/wps/portal/sgxweb/home/products/securities/etfs)

1. What ETFs are included in the clearing fee waiver?
All ETFs listed on Singapore Exchange are included.

2. How much are ETF clearing fees and how will the waiver be effected?
The clearing fees of 3.25 basis points (bps) of traded value will be waived at source. Contract statements will be issued with zero clearing fees applied.

3. What is the applicable period for the ETF clearing fee waiver?
The ETF clearing fee waiver is applicable for all trades with contract issue dates between 1 June 2015 to 31 December 2015, both dates inclusive. For most ordinary trades with T+3 settlement (including non-overnight married trades), the contract issue date is the date in which the trade is being done.

4. Are there any exchange fees other than clearing fees for trading ETFs?
Access fees of 0.75 basis point (bps) of traded value for on-screen trades will continue to be charged. Married trades do not incur access fees.

The other benefits are as follows:

Cash equitisation
Typically adopted by institutions, ETFs can be used to convert cash into equities temporarily to minimize cash drag.

Hedging
ETFs can be used to hedge against other investment position. For instance, an investor may long a specific market segment while at the same time shorting an ETF.

Why invest on ETFs listed on the Singapore Exchange (SGX) - quote from SGX website dated 13th Jan 2016

Efficient
Broad diversification can be achieved in one single transaction with minimum investment.  When an investor buys an ETF, he gains cost efficient exposure to a diversified portfolio of securities through single transaction.

As ETFs are passive funds, the annual management fees are generally lower at less than 1% compared to unit trusts or traditional funds that charge at about 1%-2%

Transparency
Investors can readily access real-time information such as ETF prices, fund information and index information on the websites of the Issuers, Index Provider and SGX.  Market prices are published real-time through the trading day.

Flexible
Investors can buy and sell ETFs anytime during trading hours and may employ the traditional trading techniques including stop order, limit order and short sales.


These are some of the ETFs counters being traded on the Singapore stock exchange:

1. Nikko AM STI ETF - 

2. STI ETF 

3. SPDR Gold Shares and many others ...


Tuesday, January 12, 2016

Golden Agri

Golden Agri 12th January 2016

Golden Agri is gaining momentum and head higher to cross over 36 cents with ease and close at 37 cents today . Volume was very high . This is generally very positive.
The current price of 37 cents is staying above both 14SMA & 25SMA lines which may provide further support for the share price to head higher.



Also both MACD & RSI are showing sign of a positive divergence that may provide further indication to drive the share price higher.

Crude oil steadied near $31 per barrel on Tuesday - 12th January 2016, recovering slightly as investors booked profits after it fell to a near 12-year low on concerns about oversupply and fragile demand from China. Many analyst are projecting that oil price may head lower towards $20 per barrel . 

On the other hand, palm oil counter such as Golden Agri is trending against the odd with the share price steadily heading higher as reflected on the chart.
From Technical Analysis point of view, it is on a short term uptrend mode. 

Short term wise it may continue to head higher towards 41.5 cents with extension to 45 cents then 50 cents.

If price dropped below $33 cents then perhaps this short term uptrend mode may not follow-through.


Monday, January 11, 2016

Corporate Bonds

Corporate Bonds - 11th January 2016

The recent stock market volatility may be a good time for investor to consider a perpetual bond that provide good decent yields from a high quality issuers which currently offers  yields of between 3.8% to 5.25 % per annum. Payable half yearly.

1. Genting SP5.125%Perp - Genting Singapore perpetual bond. $1 offer price. Currently trading at $1.02 per share. Minimum lot size is 1000 shares. Payable half yearly every April & October . Yearly yield of 5.25% per annum.

2. CapMallA3.8%b220112 - CapitaLand Mall Trust Management Limited. $1 offer price. Currently trading at $1.015 per share. Minimum lot size is 1000 shares. Payable half yearly every February and August. Yearly yield of 3.8% per annum.

3. AspialTrea 5.25%b200828 - Aspial Treasury Pte Ltd. $1 offer price. Currently trading at $1.013 per share. Minimum lot size 1000 shares. Payable half yearly every February and August. Yearly yield of 5.25% per annum.

4. Hyflux 6% CPS - Hyflux Limited. $100 offer price. Currently trading at $103.30 per share.Minimum lot size is 100 shares. Payable half yearly every April and October.
Yearly yield of 6% per annum.

5.  Oxley MTN 5%b191105 - Oxley MTN Pte Ltd . $1 offer price. Currently trading at $0.990 per share.Minimum lot size is 1000 shares. Payable half yearly every April and October.Yearly yeild of 5% per annum.

With fairly guidance from the Federal Reserve despite the first rate hike in nearly 10 years,interest rates (and bank deposit rates) have not been rising as quickly as investors may have liked. For those looking for a decent level of yield from a high quality issuer, the perpetual bonds issued by the above-mentioned issuers may be an option to lock in for defensive play/fixed income yield.


Saturday, January 9, 2016

Banks-UOB,DBS & OCBC

Update - Banks 24th January 2016.

As expected a rebound was witnessed on last Friday - 22nd January with prices went up slightly higher for the 3 local Bank counters.
Last Friday Dow closes high with +280 points,come Monday may see STI heading higher so will these 3 Bank counters.Any strOng rebound will be a good options to take profit or exit to minimize loss. Be extra cautious.

Banks - 21st January 2016

DBS is heavily shorted down as reflected from the chart from the high of $16.80 from 31st Dec 2015 to a low of $13.77 on 21st January 2016. The selling is overdone. Both MACD & RSI are also trending towards the oversold territories . A strong rebound is in the cart. Short term it may see it prices moving up towards $15.00 then $15.50.


OCBC - Same situation is also happening for OCBC as reflected on the chart which was heavily shorted down from the high of $8.87 on 31st Dec 2015 to a low of $7.57 on 21st January 2016.

Both MACD & RSI are driven into oversold situation. Short term wise a Technical rebound is imminent.Hopefully the rebound is strong enough to send the price up towards $8.00 then $8.50.

UOB - Almost the identical chart pattern is also happening for UOB. The price was heavily shorted down from the high of $19.70 from 31st Dec 2015 to a low of $17.07 on 21st January 2016.
Short term wise a technical rebound could be happening any moment. Hopefully this rebound may propel the price to head higher towards 18.50 then $19.00.






Banks - 10th January 2016

All the local 3 banking stocks are showing the same downtrend patterns as reflected on the charts.

The current prices for all these banking stock counters are trading below 14SMA & 25SMA lines which is generally rather bearish.


With market sentiment likely to go lower as last Friday US markets
Dow closes down triple digits as stocks end one of worst first weeks ever.
Local market may likely to see a selling down situation.


UOB may head lower to test the next support level at $18.21. 
Once $18.21 has been taken out then it may continue to drift lower to $18.00 soon.

Update - Today UOB touched the low of $18.04 on 12th January with super high volume. This is rather bearish. Short term may continue to go lower towards $17.00 then in extension to $16.50.





Similarly for DBS, last Friday closing price of $15.72 may not hold long as this was more or less a technical rebounce that may eventually see the price head lower to test $15.20 then $15.00.

Update - DBS also went down to touch $15.29 on 12th January. Volume is quite high which is rather bearish. Short term may trend lower towards $14.50 then in extension to $14.00.


OCBC also experiencing the same downtrend situation like the other 2 banks. 
last Friday we witnessed a bounce-off from the low of $8.30 and close higher end of the day at $8.40.
Volume is quite high with 7.657m changing hand.
With the current STI index testing 2700 level it doesn't bode well for the stock market going forward. Bear is in the upper hand now.
OCBC may continue to trend lower to test the next support at $8.00.

It is better to exercise due diligence when trading of stock counters at current market condition which is more likely to head further South.

Shortlister are taking advantage of the current market trend to trade in their favor.

Kindly trade with extra cautious. It is better to stay sideline and wait for the right opportunity to make your entry decision when the market condition improve.
(trade/invest base on your own decision)

Contracts for difference (CFD)

Contracts for difference (CFDs) provide a flexible way to trade on the price movements of thousands of global financial products such as Shares, indices, commodities, Forex /foreign currencies etc.

When you trade using CFDs, you don’t buy or sell the underlying asset (e.g. a physical share), you buy or sell a number of units, depending on whether you think a product’s price will go up or down. For every point the price moves in your favour, you gain multiples of the number of units you have bought or sold. For every point the price moves against you, you will make a loss. Please remember this loss can exceed your deposits.
Some of the benefits of CFD trading are that you can trade on margin, you can go short (sell) if you think the price will go down, and you can use CFDs to hedge an existing physical portfolio.
Funding of your CFD account.
Various CFD company may require you to place the
initial deposit of at least SGD500 to SGD2000 in order to start using the CFD trading account.

Funding can be done using the following methods:
  • Credit Card
  • NETS
  • Cheque
  • ATM
  • Internet banking
  • Wire transfer
There are also Financing charges involve when dealing with CFD trade.

There is an overnight charge to hold my CFD position open. The financing charges various from different CFD company.

Individual who wishes to open the CFD trading account will have to check with the CFD company directly for all details regarding account opening, deposit and finance charges etc.

List of CFD Trading Companies are as follows:
1. Phillip CFD Trading - https://www.phillipcfd.com

2. CMC Markets - http://www.cmcmarkets.com.sg/

3. CityIndex - http://www.cityindex.com.sg/

4. IG CFD Trading - http://www.ig.com/

Share Investment course

Share Investment course

For those who like to enhance their share investment knowledge such as reading of Technical Analysis, Fair Value investing, Trading Strategies such as going Long(Buy) or Short(Sell) below are some of the courses that may be of interest to you as follows:-

1. Millionaire Investor - quote :for those who always wanted to learn how to invest like the world's greatest investor - Warren Buffett? 

Then let this simple investing course teach you the fundamentals of Value Investing - the investing philosophy that has made Warren Buffet the richest investor in the world. 

For those who want to learn how to analysis the Financial Result of the company and make sound investment to increase their Return of Income (ROI) by focusing on passive dividend income stocks and also fair value investing on those stock counters that are undervalue of which potential of maximizing the capital gains.

For more details you may check it out  : http://www.millionaireinvestor.com/

2. Charting Academy - For those who like to learn some knowledge about reading Technical analysis. Is the current trend bullish (uptrend mode) or bearish(downtrend mode). What are the trading strategies rules to follow such as Prefer to long on white candle, short on black candle. Safer to enter when the counter direction is on your side.

If Entry and Stop loss is given, that means you follow strictly, especially on the Stop Loss level.

From time to time you may check to see if there is any updates regarding the market direction, which are the counters on Uptrend mode and those that are on a downtrend /bearish stock counters.

For more details you may check it out : http://chartingacademy.com/

3. Asia Charts - For those who like to learn about stock trading strategies such as when is the right price to enter for Long or what would be the right situation to go Short(sell) , what would be the stop-loss price and money management tips etc.

quote : Unlocking the secrets of indicators.

For more details you may check it out : http://forum.asia-charts.com/forum.php

4. Investor Central - Asian insight for global investors.
quote:
"For investors who need information before they can make an investment decision. But even companies which fully comply with exchange-mandated continuous disclosure obligations often leave investors hungry for more. Nothing beats local knowledge and street smart insights."

For further insight you may check this out : http://www.investorcentral.org/index.php

5. Trading Central - for those who needs some advice regarding Technical analysis. When is the right time to enter the market for certain stock counters.

For more details you may check this out :  https://bo.tradingcentral.com/

6. Stock Investment course with Dr.Tee - Optimism Strategy.

7. REITs to Riches
    https://www.eventbrite.com/e/reits-to-riches-everything-you-need-to-know-about-investing-profitably-in-reits-tickets-44208580053

Start Journey of Financial Freedom!

for more details about Dr.Tee course you may visit http://www.ein55.com/






Friday, January 8, 2016

HTL Intl

Update - HTL Intl 9th January 2016

The company on 7th January 2016 has made announcement that there is still no confirm deal being made by the offer party .

It is better not to speculate too much as the share prices had already risen almost 300+% from the low of 29 cents to the high of 84 cents.



If the deal didn't go through later on this may affect the share price to drop  substantially.

Please exercise your due diligence when trading with this counter.
(trade/invest base on your own decision)


Quote :
The Company refers to the announcement (the “Announcement”) released in relation to the Company on 7 January 2016 by SAC Capital Private Limited, the financial adviser to Ideal Homes International Limited (the “Offeror”).

The Board of Directors has noted the contents of the Announcement, and wishes to draw the attention of shareholders to the statement that the Announcement should not be construed as an announcement of a firm intention by Guangdong Yihua Timber Industry Co., Ltd. or the Offeror to make an offer to the shareholders for their shares in the Company, as set out in Paragraphs 1.1.3 and 1.1.4 of the attachment to the Announcement. In this regard, the Board of Directors advises shareholders to continue to exercise caution when dealing in the shares of the Company, and to refrain from taking any action in respect of their investment in the Company without seeking prior professional advice.

Cosco

Cosco - 9th January 2016

Cosco on 8th January 2016 has managed to stage a rebounce from the low of 33.5 cents and close higher at 38.5 cents. The volume has also increased with 11.22m changing hand.

It is still on a downtrend mode as reflected on the chart.
It will definitely need to cross over 42 cents with good volume in order for it to reverse this downtrend and head higher.




RSI indicator is showing sign of rising higher which may provide further indication for the share price to head higher.

When trading with this counter individual has to do your own home work as the shipping industry business is still not very rosy. In fact , Shipping fright rates is still dropping or rather very low rate. Therefore, individual has to exercise with due diligence and extra cautious especially when trading with counters related to this sector.

(trade/invest base on your own decision)

Opening of a Security Trading Account

Opening of a Security Trading Account

Any member of the public who wishes to trade/buy any stock counters listed on the Singapore Exchange will need to open a Brokerage trading securities account with any of the registered Securities Brokering Companies in Singapore.

Once the member has successfully registered their trading account with the registered Securities Brokering Company in Singapore they will then be issued with the approve Trading securities account number to perform trading of share /stock counter on Singapore Exchange(SGX).

This Trading securities account number will then be linked to their CDP (The Central Depository) account number for the settlement of their payment/deposit and withdrawal of securities etc.

The list of registered Securities Brokering Companies in Singapore are as follows:

1. Lim & Tan Securities  - web site : http://www.eq.com.sg/

2. Ocbc Securities - web site : http://portal.iocbc.com/index.html

3. DBS Victers Securities - web site : http://www.dbsvonline.com/

4. Phillips Securities / Poems - web site : https://p2web.poems.com.sg/products-services/

5. MayBank Kim Eng Securities - web site : http://www.maybank-ke.com.sg/

6. CIMB Securities - web site : https://www.itradecimb.com.sg/app/home.z

7. HSBC Securities - web site : http://www.hsbc.com.sg/1/2/securities-trading

8. Standard Chartered Securities - web site : https://www.sc.com/sg/invest/equities-trading.html

9. And others


Brokerage fees:

Generally the brokerage fees for example for trding via online are as follows :

Contract SizeRates*Effective Rates* (Less 3 to 5% Mileage)
Minimum $25 $23.75
Up to $50,0000.28%0.266%
> $50,000 - $100,0000.22%0.209%
> $100,0000.18%0.171%


Different Securities Brokering Company may have different brokerage fees/rates.
Pls check the brokerage fees/rates when opening a securities brokering account.

N.B.

For actual details about the opening of the securities brokering account & brokerage fees  please check with the registered Securities Brokering Company directly.


The Central Depository ("CDP")

The Central Depository ("CDP")

For anyone who wishes to Trade /Buy share listed on the Singapore Stock Exchange they will need to open a CDP account. 
Once this CDP account has been registered/approved by the The Central Depository Pte Limited ("CDP"). The register member will then be able to open any security trading account with those registered Securities Brokering company such as LIM & Tan Securities, Kim Eng Securities, Ocbc Securities, DBS Vicker , CitiBank, Standard Chartered Bank etc.

The CDP provides the following services:

Quote from SGX website  - "The Central Depository Pte Limited ("CDP") is a wholly owned subsidiary of the Singapore Exchange Ltd ("SGX"). We provide integrated clearing, settlement and depository facilities for our customers in the Singapore Securities Market, including both equities and fixed income instruments.
As an investor, you can view and manage the investments you have with multiple brokers through a single CDP Securities Account. "

You may access the web site to apply/open the CDP account - https://www1.cdp.sgx.com/sgx-cdp-web/login

Our Services include:








Contact details:

  • Address
    Central Depository
    9 North Buona Vista Drive
    #01-19/20
    The Metropolis
    Singapore 138588

  • Operating Hours
    • Monday to Friday - 8.30am to 5.00pm
    • Saturday - 9.00am to 12.30pm
    • Closed on Sundays & Public Holidays
  • Hotline
    +65 6535 7511