CNMC Goldmine

CNMC Goldmine 27th Aug 2016

CNMC Goldmine after hitting the high of 61 cents on 7th July 2016 it has since retreated lower to touch 36 cents on 22rnd July 2016. The price had managed to stage a strong recovery and head higher to close at 58 cents on 26th Aug 2016. The current price movement sentiment was being driven by good news of lease extension, large scale operations approval & the new acquisition .

The present price of 58 cents is staying above the SMA lines of which in my view is quite positive.

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

With overnight US interest rate stay unchanged , I think short term wise, it may likely resume this uptrend mode and move up to re-visit 61 cents. Breaking out of 61 cents with ease that may propel to drive the share price higher towards 65 cents then 70 cents and above.
(trade base on your own decision)

Metro

Metro - 27th Aug 2016

Metro after hitting the high of $1.11 on 25th May 2016 it had since drifted lower to touch 89.5 cents on 26th Aug 2016. This is rather bearish.

After it had gone ex.CD on 4th Aug 2016 for 7 cents dividend it has continued to trend lower.
Both MACD & RSI has been driven into oversold territories.

The current price of 89.5 cents is approaching the next support level at 87.5 cents.

Short term wise, I think it may likely bounce off and move up towards 90 cents then 93/96 cents.

I think good value is surfacing for a profitable company with Zero/no debts, Cash on hands of $479m, Net cash per share is about 57.5 cents (479m/828m shares), NAV $1.65, p/b of 0.54x,dividend of 5-7 cents per annum, eps about 8 cents(for conservative figure), PE is about 11x.

(trade base on your own decision)


some of their portfolio overview:

http://infopub.sgx.com/FileOpen/MHLFY2016ResultsPresentation.ashx?App=Announcement&FileID=406586

Retail Operations:

ThaiBev

ThaiBev - 25th Aug 2016

ThaiBev after hitting the high of 1.06 on 2nd August 2016 it has since retreated and went down to touch 99 cents on 25th August 2016. This is quite bearish.

The current price of 99 cents is hovering below the 20SMA lines and looks like it may head lower to re-test 97 cents ( 50SMA) level.

Macd is also pointing downwards which may likely provide further indication that the share price may continue to trend lower.

Short term wise, I think it will head lower to re-visit 97 cents. Breaking down of 97 cents may see further selling down pressure and head lower towards 90 cents then 83 cents with extension to 80 cents.
( trade base on your own decision)

China Aviation

China Aviation - 23rd Aug 2016

China Aviation after touching the high of 1.57 it had since trend lower to touch 1.35 today.This is rather bearish.

A bearish triple top pattern + broken down the support at 1.405 of which I think is the confirmation sign of a uptrend reversal.

Three black crows signify the end of the uptrend mode.
Short term wise, I think it may go down towards 1.20 then 1.10.
(Trade base on your own decision)

China Aviation

China Aviation - 23rd Aug 2016

China Aviation after touching the high of 1.57 it had since trend lower to touch 1.35 today.This is rather bearish.

A bearish triple top pattern + broken down the support at 1.405 of which I think is the confirmation sign of a uptrend reversal.

Three black crows signify the end of the uptrend mode.
Short term wise, I think it may go down towards 1.20 then 1.10.
(Trade base on your own decision)

Yanlord Land

Yanlord Land - 20th Aug 2016

Yanlord Land after touching the low of 1.09 on 27th June 2016 it has since managed to stage a strong recovery and head higher to touch 1.295 on 16th Aug 2016. This is generally quite bullish.

The current price of 1.29 is staying above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still rising that may provide further indication that the share price may continue to trend higher.

Short term wise , I think it may likely cross over 1.295 swiftly and head higher towards 1.335 which was the immediate resistance being attained on 24th Mar 2016.
Breaking out of 1.335 with good volume that may propel to drive the share price higher towards 1.40 then 1.50 with extension to 1.55.
(trade base on your own decision)

SembCorp Ind

SembCorp Ind - 16th August 2016

SembCorp Ind after touching the low of 2.66 on 5th August 2016 it had since managed to trend higher to touch 2.77 on 12th August 2016. This is generally quite positive.

The share price has just went ex.dividend and closed lower at 2.71. This is quite normal for the share price to retreat a little, so long it does not go much lower than the dividend declared.

One consolation point to take note is that the volume is not high and Macd is showing sign of a positive divergence which may likely provide further indication that the share price may continue to trend higher.

Short term wise I think good value is surfacing again for P/B of 0.76, dividend of 3.6%, PE of less than 10. Looks like it may move up to re-visit 2.77 , breaking out of 2.77 with good volume that may propel to drive the share price higher towards 2.85 then 2.94.

(trade base on your own decision)

CNMC Goldmine

Update CNMC Goldmine - 16th Aug 2016

CNMC Goldmine after hitting the high of 56 cents on 11th August 2016 it is now taking breather /pause . It is generally quite healthy for a uptrend stock to take a break/pause before continue to resume heading higher.

One consolation point to take note is that the volume for the past few days is low. This is a healthy sign and may likely see the share price continue to trend higher.

Macd is still rising and may provide further indication that the share price may continue to head higher.

Short term wise I think it may head higher to re-visit the recent high of 56 cents. Breaking out of 56 cents with good volume that may propel to drive the share price higher towards 61 cents and then 65 cents with extension to 70 cents and above.
( trade base on your own decision)

SingTel

SingTel - 13rd Aug 2016

SingTel after going ex.dividend on 3rd Aug 2016 it had since managed to trend higher to close the gap on 2nd Aug 2016 and head higher to close well at $4.22 on 12th Aug 2016. This is rather bullish.

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

Short term wise I think it may head higher to re-test the recent high of $4.36. Breaking out of $4.36 with high volume that may drive the share price higher towards $4.50 with extension to $5.00.
(trade base on your own decision)

MM2 Asia

MM2 Asia - 13rd Aug 2016

MM2 Asia had a nice breaking out of the All time high at 71 cents and closed well at 72 cents. Couple with high volume this is rather bullish.

Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to head higher.

Short term wise I think it may likely head higher towards 75 cents then 80 cents with extension to 90 cents and above.
(trade base on your own decision)

CNMC Goldmine

CNMC Goldmine - 11th Aug 2016

2nd quarter result of 5.85mnet profit an increase of 32.1% & Eps of 1.61 cent seems a set of good result.

Presume whole year Eps of 5.5 cents and estimate a PE of 12.5 time, I think short term target price of 70 cents may be achieveable.

Looks like it may move up to test 56 cents soon.Breaking out of 56 cents with good volume that may drive the share price higher towards 61 cents then 70 cents.


 I think very important Points to take note:
1. Zero debts
2. I think net cash per share about 8+ cents
3. ROI - about 20+%.
4. Eps about 5.5-6 cents.
5. Short term TP - let says PE of about 11.6X  70 cents of which i think could be easily achievable.

(Trade base on yr own decision)


2ND QUARTER RESULT
quote - http://infopub.sgx.com/FileOpen/CNMC%202Q2016%20press%20release%20_Final.ashx?App=Announcement&FileID=416395

Increased Gold Production and Gold Price Drive CNMC’s Quarterly Revenue and Net Profit to Record Highs in 2Q2016
 Gold output of 9,807 ounces highest in any quarter since start of production
 All-in cost of production down 3.3% from 2Q2015 at US$500/oz
 Strong net cash balance of US$32.35M as at 30 June 2016
 Reflecting the strong performance and financial position, CNMC will increase the 1st interim tax-exempt dividend by 11.1% to 0.20 Singapore cent a share, up from 0.18 Singapore cent a share a year earlier.

Mr Chris Lim, CNMC’s Chief Executive Officer, said: “One of our immediate priorities is to complete the due diligence for the proposed acquisition of adjacent-situated Pulai Mining, which will expand our portfolio as it has licences to explore and mine for not just gold but also iron ore and feldspar. We believe this asset will add a lot of value to CNMC once we get it off the ground.” As announced on 28 June 2016, CNMC has signed a non-binding letter of intent to acquire 51% of Pulai Mining Sdn Bhd, which is authorised to carry out mining work in an area in Kelantan almost four times the size of its flagship Sokor gold field project. The Company proposed to pay RM13.8 million for the stake.

SembCorp Marine

SembCorp Marine - 9th Aug 2016

A Happy National Day Singapore! Happy Birthday Singapore!

SembCorp Marine has tested several occasion around 1.31 which is quite near to its previous low being attained on 18th Jan 2016 at 1.30 level. Looks like it may bounce off from here any moment judging from TA point of view.

Both Macd & Rsi are being driven into a super oversold territories and I think a technical rebound may happen anytime.

Watch out for a long white thrust bar or several to appear for it to cross over 1.40 level. Crossing over of 1.40 with great ease + 3 white soldier may signify the driving force/momentum to be in place to take the share price higher towards 1.60 level mark with extension to 1.70 & above.
(trade base on your own decision)

Midas Holding

Midas Holding - 6th Aug 2016

Midas Holding from TA point of view it is rather bearish as we can witness the price after hitting the high of 34.5 cents on 23rd Oct 2015 it had since drifted lower to touch 22.5 cents on 5th Aug 2016.

One consolation point to take note is that a rebound may happen any moment as it is forming a Triple Bottom as reflected on the chart ( red arrows).

I think if it is able to cross over 25 cents with ease couple with good volume that may reverse this downtrend and head higher towards 28.5 cents then 30 cents with extension to 35 cents.
(trade base on your own decision)

Best World

Best World - 4th Aug 2016

Best World today announced a set of good result for 2nd quarter 2016 with profits up 466% to 13.3m.Eps of 3.35 cents for this quarter was rather good . First half year Eps stood at 6.05 cents . Estimate full year EP's of 12.01 cents ,base on current price of 1.56 ,PE ratio is about 12.89x.

Consider the price has already run-up from 30 cents to 1.56 it may have likely factor into this set of good result.

Tomorrow will have to see how the market react and trade accordingly.

If it is well receive by the market then the recent high of 1.605 may easily taken out and head higher towards 1.70 then 1.80 and above.

I think short term wise we may set the target price at 1.805 base on PE ratio of 15x.
(Trade base on your own decision)

Keppel Corp

Keppel Corp - 3rd Aug 2016

Keppel Corp after hitting the high of 5.69 on 15th July 2016 it had since drifted lower to touch 5.13 on 3rd Aug 2016. This is rather bearish.

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

One consolation point to take note is that today it had managed to close higher at 5.20 after touching the low of 5.13. It seems that a technical rebound may happen any moment.
Crucial point to watch out is to see if it is able to cross over 5.28 with good volume that may likely reverse this downtrend and move higher.

I think good value is surfacing again if price fall below $5.20.
First half year Earnings per Share was 22.9 cents. Presuming full year EPS of 45.8 cents ( 22.9 x 2). The PE ratio is about 11.3x, dividend let say about 23 cents ( 8 cents + 15 cents ( final)) . Providing a yield of 4.4%.
(trade base on your own decision)