Golden Agri

Golden Agri - 29th June 2016

Golden Agri-Resources delivers strong results in the first quarter of 2016 despite lower CPO prices and plantation output .

Plantation business impacted by the severe El Niño weather condition in 2015 and softer average CPO market prices • Integrated business model delivers resilient results as palm and lauric segment posts substantial growth of EBITDA1 Singapore, 13 May 2016 – For the first quarter of 2016, Golden Agri-Resources Ltd and its subsidiaries (“GAR” or the “Company”) recorded revenue of almost US$1.5 billion. GAR reached stronger EBITDA1 and core net profit2 at US$142 million and US$40 million respectively. The palm and lauric business mainly contributed to the increase, which was partly offset by lower results from the plantation and palm oil mills business.

 The performance of our plantation business was in line with the industry’s declining palm product output and softer average crude palm oil (“CPO”) market prices. EBITDA1 reached US$76 million in the first three months of 2016, 24 percent lower than that achieved in the same period last year. Pg 2 of 3 The palm and lauric business continued its improvement since last year as the integration of downstream assets progresses. The performance was further enhanced by CPO market price uptrend over the quarter. As a result, first quarter 2016 EBITDA1 almost tripled over the previous year to US$62 million, while the EBITDA1 margin increased to 4.9 percent from 1.6 percent last year. Our oilseeds and others segments maintained their positive contribution with total EBITDA1 growing to US$4.7 million in the first quarter of 2016 from US$4.3 million in the same period last year. The oilseeds business environment in China remained favourable. Starting this year we have adopted the new accounting standards for our plantation assets, which impacted our financial statements. However GAR’s financial position remains sound with adjusted net gearing ratio5 of 0.49 times and total consolidated assets of US$8.0 billion as at 31 March 2016.

NAV of US$0.30 .
EPS about 1.3 cents
dividend of about 0.65 cent

Golden Agri after hitting the high of 44 cents on 23rd Mar 2016 it had since drifted lower to touch 32.5 cents on 28th June 2016. This is rather bearish.

The current price of 33.5 cents is trading near the support level at 33 cents.

Looks like we may see a technical rebound soon as the current price has been driven into oversold territories. Macd is also pointing to an oversold situation.

Short term wise looks like it may move up to test 38 cents. Crossing over of 38 cents with good volume that may 39.5 cents then 41.5 cents.

(trade base on your own decision)

OUE

OUE - 27th June 2016

OUE Limited (SGX-ST: OUE) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and United States. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors primarily in Singapore. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust.

NAV - $4.33

EPS - estimate about 10 cents.

current price of 1.515 . PE about 15x.

Dividend - about 2-3 cents.

OUE at current price of 1.515 seems rather undervalue as compare to its NAV of $4.33 . For every 0.34 cents per share you are getting $1.00 value of the company assets value which is very good price to own.

The company profit is not much but at least it is still profitable and also paying out dividend regularly. Current price seem to be at the rock bottom price from TA point of view.
Although the current trend is still bearish/downtrend .

RSI is showing sign of a positive divergence which may provide further indication that the share price may continue to trend higher.

I think the current price weakness could be a good options for those that are looking at value investing .
(trade base on your own decision)

SPDR Gold (GLD US$)

SPDR Gold (GLD US$) - 26th June 2016

SPDR Gold (GLD US$) after hitting the low of 114.65 on 30th May 2016 it had manged to stage a strong rebound to touch 125.28 on 24th June 2016. This is rather bullish.

We can witness a spike in the volume bar with 101m shares changing hand and hitting the high of 129.60 and settled down at 125.28 on last Friday. This momentum is likely to continue to drive the share price higher to re-conquer 125.35 the recent high with little effort and propel higher towards 128.75 soon.

Both Macd & Rsi are still trending higher which may provide further indication that the share price may continue to trend higher.

With Gold price spike last Friday we may likely see the Gold price trending higher. This may likely reflect on the price for SPDR Gold (GLD US).

Short term wise it may go up to re-visit 128.75 then 130.00 with extension to 133.41.
(trade base on your own decision)
 

CNMC Goldmine

CNMC Goldmine - 26th June 2016

NAV - 12.64 cents.

Dividend -  Dividend Yield is based on two interim tax-exempt dividend of total 0.36 Singapore cent per share, a final dividend of 0.18 Singapore cent and special dividend of 0.405 Singapore cent per share. Yield is about 2.12% base on current price of 36 cents.

PE ratio of 7.94x base on 36 cents.

About CNMC Goldmine : Involved in exploration and mining of gold, and processing of mined ore into gold dores • Commenced operations in 2007; first Catalist-listed gold producer on SGX-ST (listed in October 2011) • Current flagship project – Sokor Gold Field in Kelantan, Malaysia • CNMC founded by Prof Lin Xiang Xiong, Chief Advisor for China International Trade to Kelantan State Government

CNMC Goldmine after touching the low of 22 cents on 15th April 2016 it has since continued to stage a strong recovery and trend higher to touch 36 cents on 24th June 2016. This is generally quite bullish.

The trading volume was also high on last Friday which signifies good buying interest with more buying ( demand versus supply) that pushes the price higher to close at 36 cents.

The current price is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

With current market volatility, Gold price is being regarded as a preferred investment that has been witnessed by last Friday Gold price races to 2-year high at 1319.10 .

The increase in Gold price may benefit and boost the revenue for the company.

Short term wise looks like it may likely continue to move up to test 40 cents then 45 cents with extension to 50 cents.
(trade base on your own decision)

SPH

SPH - 24th June 2016

SPH after hitting the high of 4.16 on 25th April 2016 it had since continued to trend lower to touch 3.70 on 24th June 2016. This is rather bearish.

The current price of 3.71 has broken down the previous low of 3.75 (17th June 2016) which is generally quite negative.

Also both the Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.

Short term wise looks like it may go down to re-visit 3.65 the next support level. Breaking down of 3.65 may likely see it prices goes further down towards 3.60 then 3.51.
(trade base on your own decision)

SingPost

SingPost - 22nd June 2016

SingPost after hitting the high of 1.70 on 22nd April 2016 it had since continued to drifted lower to touch 1.52 on 19th May 2016. This is generally quite bearish.

Today it has been experiencing a drastic fall from yesterday closing price of 1.56 to close lower at 1.505. This is rather negative couple with super high volume of 24.83m shares changing hand.

The current price is hovering below the SMA lines which is generally not healthy/positive.

Short term wise looks like the similar price patterns may repeat itself again as reflected on the chart.
It may likely go down to re-visit 1.43 cents. Breaking down of 1.43 cents with high volume that may send the price further downward towards 1.30.

Fair value may surface again once it had fallen to 1.43 & below.
( trade base on your own decision)

SingPost

SingPost - 22nd June 2016

SingPost after hitting the high of 1.70 on 22nd April 2016 it had since continued to drifted lower to touch 1.52 on 19th May 2016. This is generally quite bearish.

Today it has been experiencing a drastic fall from yesterday closing price of 1.56 to close lower at 1.505. This is rather negative couple with super high volume of 24.83m shares changing hand.

The current price is hovering below the SMA lines which is generally not healthy/positive.

Short term wise looks like the similar price patterns may repeat itself again as reflected on the chart.
It may likely go down to re-visit 1.43 cents. Breaking down of 1.43 cents with high volume that may send the price further downward towards 1.30.

Fair value may surface again once it had fallen to 1.43 & below.
( trade base on your own decision)

Singtel

Singtel - 21st June 2016

Singtel seems to be able to bounce off from the low of 3.76 which is rather close to the support level at 3.75 and stage a strong upwards thrust to touch 3.88 today.

The closing price of 3.84 is still hovering below the SMA lines which is still not out of the wood yet unless it is able to head higher to cross over 3.96.

Macd is about to turn up to cross over the signal line which may likely provide indication that the share price may have a high chance of moving higher.

Breaking out of 3.96 with good volume that may propel to drive the share price higher towards 4.00 with extension to 4.20 and above.
(trade base on your own decision)

Hyflux

Hyflux - 20th June 2016

Hyflux after hitting the low of 47 cents on 12 Feb 2016 it has since managed to stage a recovery and risen up to touch 66 cents on 10th Mar 2016. This is rather bullish.

It has been trading in a neutral mode within the price range of 58.5 cents to 65.5 cents for the next 7 weeks and finally broken down to touch 53.5 cents on 24th May which is also resting on the Fibonacci 38.2% support level .

After touching the low of 53.5 cents it had since managed to rebound and rises up to touch 62 cents on 15th June 2016. This is generally quite positive.

On 16 & 17 June we have witnessed the Fibonacci retracing from 78.6% to 61.8% to close at 58.5 cents. Today it has managed to bounce off from Fibonacci 61.8% which is a very important support and significant move and rises high to close well at 61 cents. This is rather bullish.

Both Macd & Rsi are still rising and this may provide further indication that the share price may continue to trend higher.

The current price is staying above the SMA lines which is generally rather healthy/positive and may likely stage a strong rebound to cross over the immediate resistance at 62 cents (Fibonacci 78.6%) and rises higher towards 66 cents and above.

(trade base on your own decision)

Raffles Medical

Raffles Medical - 18th June 2016

Raffles Medical after hitting the high of 1.675 on 11th May 2016 it had since continued to trend lower to touch 1.485 on 17th June 2016.This is rather bearish.

The current price has broken down the support level at 1.515 and it now resting on the next support level at 1.485. If 1.485 cannot sustain then most probably it may continue to trend lower.

Both Macd & Rsi are still trending downwards which may be a tell tale sign that the share price may continue to trend lower.

Breaking down of 1.485 with high volume that may see it share price heading lower towards 1.435 then 1.40 with extension to 1.30.
(trade base on your own decision)

Sembcorp Marine

Sembcorp Marine - 17th June 2016

Sembcorp Marine after hitting the high of 1.775 on 9th June 2016 it had since drifted lower to close at 1.55 which is also the current support level.

Do hope that it can hold up well at this support level of 1.55 and eventually rises higher to test the immediate resistance at 1.64.

The similar chart patterns looks like it may repeat itself again after touching 1.55 it had on several occasion managed to stage a recovery and rises higher.

First confirmation sign will be if it is able to cross over 1.64 with ease + high volume that may propel to drive the share price higher towards 1.665 then 1.75.
(trade base on your own decision)

First Resource

First Resource  - 17th June 2016

First Resource  after hitting the high of 2.13 on 30th Mar 2016 it had since continued to trend lower to touch 1.62 on 17th June 2016. This is rather bearish.

The current price is hovering below the SMA lines which is generally quite negative.

Also both Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.

Today closed lower at 1.62 couple with high volume is also a sign of weakness.
Short term wise looks like it may continue to trend lower towards 1.55 then 1.50 with extension to 1.455.
(trade base on your own decision)

SPH

SPH - 16th June 2016

SPH after hitting the high of 4.16 on 25th April 2016 it had since drifted lower to touch 3.77 on 16th June 2016. This is rather bearish.

The current price of 3.76 is hovering below the SMA lines which is generally rather negative.

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

Short term wise looks like it may go down to re-visit the recent low of 3.65 on 25th Feb 2016. Breaking down of 3.65 with high volume that may drive the share price to fall further towards 3.51 the next support level .

Looks like market sentiment is rather bearish which is being clouded by the pending Brexit voting on next week that may likely create a very volatile situation for the market.
I think is okay to stay sideline pending the voting result.


(trade base on your own decision)

Keppel Corp

Keppel Corp - 14th June 2016

Keppel Corp after hitting the high of 6.17 on 15th April 2016 it had since continued to trend lower to close at 5.32 on 14th June 2016. This is quite bearish.

The current price of 5.32 is hovering slightly below the SMA lines which is generally not so healthy/positive.

One good sign is that the Macd is still trending towards slightly near or on the same level at 0. And Rsi is still hovering above 50 mark. Looks like a technical rebound may happen soon.

Short term wise it may go down to re-test the previous low of 5.26 then 5.15 with extension to 5.01.

I think fair value is presenting a good opportunity to consider for accumulation at 5.15 and below.

(trade base on your own decision)

Comfort DelGro

Comfort DelGro - 13rd June 2016

Today gap down at the opening price of 2.69 and closed lower at 2.65 couple with high volume this is generally rather bearish.

The current price is hovering below the SMA lines which is generally quite negative.

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

Short term wise looks like it may continue to trend lower to re-visit the previous low of 2.56. Breaking down of 2.56 with high volume that may see it price heading lower towards 2.50 then 2.40.
(trade base on your own decision)

UOB

UOB - 10th June 2016

UOB after hitting the high of 19.17 on 9th June 2016 it had experienced a drastic pull-back to close lower at 18.74 on the same day. This is not so healthy.

Subsequently, on 10th June 2016 it had again continued to trend lower to close at 18.61. This is a sign of weakness couple with quite a high volume which is in my opinion is quite negative.

Short term wise looks like it may go down to re-test 18.30 then 18.00. Breaking down of 18.00 with high volume that may see it prices drifting lower towards 17.70 with extension to 17.45.

(trade base on your own decision)

Sembcorp Ind

Sembcorp Ind - 10th June 2016

Sembcorp Ind after hitting the high of 3.08 on 9th June 2016 it had experienced a drastic pull back with a Long black candlestick to close at 2.95. This is generally not so healthy.

Today it had again continued to experience another drastic pull back and closed lower at 2.88. This is rather bearish.

With Dow future indicating -100 points + crude oil price has retreated lower to fall below $50 mark this may not bode well for oil and gas counter.

Short term wise looks like it may go down to re-test 2.83 then 2.80. Breaking down of 2.80 with high volume that may continue to see the price goes further down towards 2.70 with extension to 2.60.


(trade base on your own decision)

ST Engineering

ST Engineering - 10th June 2016

ST Engineering after hitting the high of 3.47 on 21st April 2016 it had since drifted lower to close at 3.13 on 10th June 2016. This is generally quite bearish.

A Long black candlestick presented on the chart today couple with quite a high volume that is generally quite negative.

Macd are showing sign of a negative divergence which may provide a tell tale sign that the share price may continue to trend lower.

Short term looks like it may go down to re-visit 3.05 the support level. Breaking down of 3.05 may see it goes further down towards 3.00 then 2.90 with extension to 2.80.
(trade base on your own decision)

Cosco

Cosco - 9th June 2016

Cosco after hitting the low of 31 cents on 6th June 2016 it had managed to trend higher to touch 33.5 cents on 8th June 2016. The volume is also quite high and in my view there seems to be some accumulation activities on 8th June. This is quite positive.

Both Macd & Rsi are also showing sign of positive divergence that may provide further indication that the share price may continue to trend higher.

First confirmation signal to watch out will be if it is able to cross over 34 cents with ease + good volume. Breaking out of 34 cents may drive the share price higher towards 36 cents then 39 cents with extension to 40.5 cents .
( trade base on your own decision)

Vard

Vard - 7th June 2016

Vard after hitting the low of 15.1 cents on 10th May 2016 it had managed to trend higher to close high at 18.9 cents today. This is quite positive.

Looks like a reversal trend is happening and the price may likely continue to cross over 19 cents and then head higher towards 20.5 cents.

Both Macd & Rsi are showing sign of a positive divergence that may provide further indication that the share price may continue to trend higher.

Breaking out of 20.5 cents with good volume that may propel to drive the share price higher towards 23.5 cents.
(trade base on your own decision)

M1

M1 - 6th June 2016

M1 after touching the low of 2.32 on 20th May 2016 it had managed to trend higher to touch 2.51 on 6th June 2016. This is quite positive.

Today it had a very nice run-away gap up and closed well at 2.50 couple with high volume and cleared the overhead resistance at 2.48. A significant break-out which in my view is very positive/bullish.

Both Macd & Rsi are also rising which may provide further indication that the share price may continue to trend higher.

Short term wise it may continue to trend higher towards 2.60 then 2.64 with extension to 2.71.
(trade base on your own decision)

SIA Engineering

SIA Engineering after hitting the low of 3.31 on 28th Jan 2016 it had since managed to stage a strong recovery and trend higher to touch 3.88 on 2nd June 2016. This is rather bullish.

It had managed to breakout the recent high of 3.84 which was being attained on 28th April 2016 this signify that the driving force is gearing towards further upwards momentum that may likely see the share price continue to trend higher.

Both Macd & Rsi are still rising which may provide further indication that the share price may head higher to re-test 3.90 soon.

Breaking out of 3.90 with good volume that may propel to drive the share price higher towards 4.00 and above.
(trade base on your own decision)

Jumbo

Jumbo - 4th June 2016

It seems that a shooting star is surfacing from TA point of view.
The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow.

The shooting star position is formed when there is a gap away from the previous candlestick.
To me this is a Uptrend reversal signal.
Looks like it may turn lower if the next one or two trading session is showing further indication of a downwards price confirmation.

Short term wise looks like it may go down to test 55.5 cents then 52.5 cents.
(trade base on your own decision)

Sino Grandness

Sino Grandness - 3rd June 2016

This champion had a very nice broken out of  73 cents on 2nd June 2016 and closed high at 76 cents .
The volume is unusually high. In my view this is super bullish.

Both Macd & Rsi are still rising and this may provide further indication that the share price may continue to trend higher.

Short term wise it may continue to move up to re-visit 77 cents. Crossing over of 77 cents with good volume that may propel to drive the share price higher towards 80 cents then 90 cents with extension to $1.00.
(trade base on your own decision)

Acromec

Acromec - 3rd June 2016

This IPO stock had a very impressive run after hitting the low of 39 cents on 16th May 2016 it had since managed to trend higher to touch 54.5 cents on 3rd June 2016.
The volume is quite high and this is generally rather positive.

Another positive point is that it was able to cross over the recent high of 52 cents that was being attained on 11th May 2016. This is a good confirmation that the share price may continue to trend higher.

Also both Macd & Rsi are still rising that may further strengthen this indication for a further rise towards 60 cents then 65 cents with extension to 70 cents.
(trade base on your own decision)