YZJ ShpgBldg - 25 Nov 2016
From TA point of view it had a very nice breaking out at 82 cents last Friday and closed higher at 86 cents. Couple with high volume this is generally rather positive.
This uptrend mode is likely to continue to trend higher.
Short term wise, I think it may move up to test 90 cents . Crossing over of 90 cents with good volume that may propel to drive the share price higher to 95 cents then $1.00.
( trade base on your own decision)
Friday, November 25, 2016
Cosco
Cosco - 25th Nov 2016
Cosco after touching the low of 24 cents on 3rd Nov 2016 it had since managed to stage a strong recovery and closed well at 28.5 cents on 25th Nov 2016. Couple with high volume , this is rather positive.
From the chart we can notice that it had managed to clear the major overhead resistance at 28 cents and closed higher at 28.5 cents. This is a kind of confirmation that may provide further indication of the driving force to push the share price higher .
Also both Macd & Rsi are rising which may likely indicating that the share price may continue to head higher.
Short term wise, I think it may move up to test 30 cents.
Breaking out of 30 cents with good volume that may see it goes higher toward 32 cents then 34 cents with further extension to 36 cents.
( trade base on your own decision)
Cosco after touching the low of 24 cents on 3rd Nov 2016 it had since managed to stage a strong recovery and closed well at 28.5 cents on 25th Nov 2016. Couple with high volume , this is rather positive.
From the chart we can notice that it had managed to clear the major overhead resistance at 28 cents and closed higher at 28.5 cents. This is a kind of confirmation that may provide further indication of the driving force to push the share price higher .
Also both Macd & Rsi are rising which may likely indicating that the share price may continue to head higher.
Short term wise, I think it may move up to test 30 cents.
Breaking out of 30 cents with good volume that may see it goes higher toward 32 cents then 34 cents with further extension to 36 cents.
( trade base on your own decision)
SingPost
SingPost - 25th Nov 2016
SingPost after touching the support at 1.425 on 21st Nov 2016 it had managed to bounce off and head higher to close higher at 1.48 on 25th Nov 2016. This is quite positive.
From the chart we can notice there were two consecutive white candlesticks that is closing higher than the black candlestick on 21st Nov 2016 which is rather positive . It is kind of a confirmation of trend reversal that may signal the end of the down turn.
Both Macd & Rsi are showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may likely move up to test 1.50 then 1.55. Breaking out of 1.55 with good volume it may propel to drive the share price higher towards 1.65 then 1.70.
( trade base on your own decision)
SingPost after touching the support at 1.425 on 21st Nov 2016 it had managed to bounce off and head higher to close higher at 1.48 on 25th Nov 2016. This is quite positive.
From the chart we can notice there were two consecutive white candlesticks that is closing higher than the black candlestick on 21st Nov 2016 which is rather positive . It is kind of a confirmation of trend reversal that may signal the end of the down turn.
Both Macd & Rsi are showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may likely move up to test 1.50 then 1.55. Breaking out of 1.55 with good volume it may propel to drive the share price higher towards 1.65 then 1.70.
( trade base on your own decision)
Tuesday, November 22, 2016
Golden Agri
Golden Agri - 22nd Nov 2016
Golden Agri after touching the low of 36.5 cents on 7th Nov 2016 it has managed to stage a strong recovery and head higher to touch 41.5 cents on 22nd Nov 2016. This is generally quite positive.
Today it had managed to cross over 40 cents/40.5 cents and closed higher at 41 cents + couple with high volume, this is rather bullish/positive.
The current price is staying above the SMA lines and 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 head higher to test 44 cents. Breaking out of 44 cents with high volume it may propel to drive the share price higher towards 47/50 cents.
(trade base on your own decision)
Golden Agri after touching the low of 36.5 cents on 7th Nov 2016 it has managed to stage a strong recovery and head higher to touch 41.5 cents on 22nd Nov 2016. This is generally quite positive.
Today it had managed to cross over 40 cents/40.5 cents and closed higher at 41 cents + couple with high volume, this is rather bullish/positive.
The current price is staying above the SMA lines and 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 head higher to test 44 cents. Breaking out of 44 cents with high volume it may propel to drive the share price higher towards 47/50 cents.
(trade base on your own decision)
Saturday, November 19, 2016
OCBC
OCBC - 18th Nov 2016
OCBC after touching the support level at $8.33 on 9th Nov 2016, it has since stage a strong recovery and head higher to touch 8.88 on 18th Nov 2016. This is generally positive.
Both Macd & Rsi are rising and may likely provide further indication that the share price may continue to trend higher.
The immediate resistance is at 9.02. It will be good to see if this can be taken over.
Failure to breakout decisively, may see it retrace lower from here.
Short term wise, I think it will likely move up to test 9.02. Breaking out of 9.02 with ease + good volume that may propel to drive the share price higher towards 9.45.
( trade base on your own decision)
OCBC after touching the support level at $8.33 on 9th Nov 2016, it has since stage a strong recovery and head higher to touch 8.88 on 18th Nov 2016. This is generally positive.
Both Macd & Rsi are rising and may likely provide further indication that the share price may continue to trend higher.
The immediate resistance is at 9.02. It will be good to see if this can be taken over.
Failure to breakout decisively, may see it retrace lower from here.
Short term wise, I think it will likely move up to test 9.02. Breaking out of 9.02 with ease + good volume that may propel to drive the share price higher towards 9.45.
( trade base on your own decision)
Old Chang Kee
Old Chang Kee -18th Nov 2016
Old Chang Kee seems to be driven into a overbought situation from TA point of view.
After touching the low of 68 cents on 23rd Aug 2016 it had since stage a strong recovery and head higher to touch All-Time-High of 82.5 cents on 18th Nov 2016.
Personally, I view this as over-extended. It may soon retrace/retreat to a lower price.
Half year EPS of 2.05 cents , assuming a Full year EPS of 4.1 cents , implying a PE of about 20 times. Dividend of 3 cents which is about 3.6% yield base on 82 cents last Friday closing price.
Nav of 26 cents.p/b 3.15 .
I think a more realistic Target price is about PE 18 times - 73.5 cents supported by the dividend yield of 4% ( 3 cents dividend).
I think it will be a good time to lock in profit.
( trade base on your own decision)
Old Chang Kee seems to be driven into a overbought situation from TA point of view.
After touching the low of 68 cents on 23rd Aug 2016 it had since stage a strong recovery and head higher to touch All-Time-High of 82.5 cents on 18th Nov 2016.
Personally, I view this as over-extended. It may soon retrace/retreat to a lower price.
Half year EPS of 2.05 cents , assuming a Full year EPS of 4.1 cents , implying a PE of about 20 times. Dividend of 3 cents which is about 3.6% yield base on 82 cents last Friday closing price.
Nav of 26 cents.p/b 3.15 .
I think a more realistic Target price is about PE 18 times - 73.5 cents supported by the dividend yield of 4% ( 3 cents dividend).
I think it will be a good time to lock in profit.
( trade base on your own decision)
Friday, November 18, 2016
Genting Sp
Genting Sp - 18th Nov 2016
Genting Sp has a very impressive breaking out on 18th Nov 2016 and closed well at 93.5 cents.
Couple with high volume, this is extremely positive.
Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely move up to test 95.5 cents then 97 cents.
Breaking out of 97 cents with good volume it may propel to drive the share price higher towards $1.025.
( trade base on your own decision)
Genting Sp has a very impressive breaking out on 18th Nov 2016 and closed well at 93.5 cents.
Couple with high volume, this is extremely positive.
Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely move up to test 95.5 cents then 97 cents.
Breaking out of 97 cents with good volume it may propel to drive the share price higher towards $1.025.
( trade base on your own decision)
NeraTel
NeraTel - 18th Nov 2016
NeraTel from TA point of view it has gone into a super oversold territories.
From a high of 78.5 cents on 3rd Oct 2016 it has since drifted lower to touch 41.5 cents on 17th Nov 2016. Even if you have factored in the special dividend of 15 cents, which is still quite a drastic drop of 33.5 cents ( from 78.5 cents to 42 cents).
Both Macd & Rsi are also pointing to a oversold territories.
The selling volume has also slowed now.
Short term wise, I think it may likely see a Technical rebound to be happen any moment.
The first resistance level will be at 49 cents . Second resistance level will be at 52 cents.
(trade base on your own decision)
The Group’s business comprises two main business segments, namely Telecommunications and Info-communications.
In the first nine months of 2016, the Group secured approximately $136.6 million in order in-take, an increase of 8.9% compared to the corresponding period in 2015 of $125.4 million.
Financial Position
Borrowings As of 30 Sep 2016, long term and short term loans were $10.1m and $2.5m respectively.
• Warranty provision, approximately $2.3m
• Cash position of $74.1m as of 30 September 2016 For Q3 2016, the net cashflow from operating activities was negative $5.1 million due to the high working capital requirement. For first nine months of 2016, the Group generated positive cashflow from operating activities of $0.7 milion. There was a significant increase in net cashflows from investing activities due to the receipt of the net proceeds from the sale of the PS business. Part of the proceeds were used to repay bank loans
Revenue in 3Q FY16 increased 20.4% ($5.7m) y-o-y from $28.1m to $33.8m
‒ Telecom - increased 1.7% ($0.2m) y-o-y from $13.1m to $13.3m
‒ Network Infrastructure - increased 36.6% ($5.5m) y-o-y from $15.0m to $20.5m
9 Months FY16: Revenue in 9M FY16 increased 20.8% ($19.9m) y-o-y from $95.4m to $115.3m
‒ Telecom - increased 13.4% ($5.2m) y-o-y from $38.7m to $43.9m
‒ Network Infrastructure - increased 25.9% ($14.7m) y-o-y from $56.7m to $71.4m
On a YOY comparison, gross profit for Q3 2016 declined 29.2% from $9.0 million to $6.4 million.
Compared to nine months of 2015, gross profit for nine months of 2016 also declined by 7.2% from $32.0 million to $29.7 million.
• the continued devaluation of Nigerian Naira against the US dollar. During Q3 2016, Nigerian Naira depreciated by a further 13% compared to the end of Q2 2016, resulting in a total depreciation of 59% from the start of devaluation on 20 June 2016. This resulted in a loss of $1.2 million for a project in Nigeria as the equipment costs denominated in US dollar were higher in Nigerian Naira as a result of the devaluation, as compared to a profit of $0.3 million if the Nigerian Naira had not depreciated in value. Excluding this loss resulting from the Nigeria Naira devalution, the gross profit would have been $7.8 million (23.2%) for the quarter and $31.2 million (27.0%) for nine months of 2016.
• There were also higher equipment sales and lower writeback from project closures for nine months of 2016.
NeraTel from TA point of view it has gone into a super oversold territories.
From a high of 78.5 cents on 3rd Oct 2016 it has since drifted lower to touch 41.5 cents on 17th Nov 2016. Even if you have factored in the special dividend of 15 cents, which is still quite a drastic drop of 33.5 cents ( from 78.5 cents to 42 cents).
Both Macd & Rsi are also pointing to a oversold territories.
The selling volume has also slowed now.
Short term wise, I think it may likely see a Technical rebound to be happen any moment.
The first resistance level will be at 49 cents . Second resistance level will be at 52 cents.
(trade base on your own decision)
The Group’s business comprises two main business segments, namely Telecommunications and Info-communications.
In the first nine months of 2016, the Group secured approximately $136.6 million in order in-take, an increase of 8.9% compared to the corresponding period in 2015 of $125.4 million.
Financial Position
Borrowings As of 30 Sep 2016, long term and short term loans were $10.1m and $2.5m respectively.
• Warranty provision, approximately $2.3m
• Cash position of $74.1m as of 30 September 2016 For Q3 2016, the net cashflow from operating activities was negative $5.1 million due to the high working capital requirement. For first nine months of 2016, the Group generated positive cashflow from operating activities of $0.7 milion. There was a significant increase in net cashflows from investing activities due to the receipt of the net proceeds from the sale of the PS business. Part of the proceeds were used to repay bank loans
Revenue in 3Q FY16 increased 20.4% ($5.7m) y-o-y from $28.1m to $33.8m
‒ Telecom - increased 1.7% ($0.2m) y-o-y from $13.1m to $13.3m
‒ Network Infrastructure - increased 36.6% ($5.5m) y-o-y from $15.0m to $20.5m
9 Months FY16: Revenue in 9M FY16 increased 20.8% ($19.9m) y-o-y from $95.4m to $115.3m
‒ Telecom - increased 13.4% ($5.2m) y-o-y from $38.7m to $43.9m
‒ Network Infrastructure - increased 25.9% ($14.7m) y-o-y from $56.7m to $71.4m
On a YOY comparison, gross profit for Q3 2016 declined 29.2% from $9.0 million to $6.4 million.
Compared to nine months of 2015, gross profit for nine months of 2016 also declined by 7.2% from $32.0 million to $29.7 million.
• the continued devaluation of Nigerian Naira against the US dollar. During Q3 2016, Nigerian Naira depreciated by a further 13% compared to the end of Q2 2016, resulting in a total depreciation of 59% from the start of devaluation on 20 June 2016. This resulted in a loss of $1.2 million for a project in Nigeria as the equipment costs denominated in US dollar were higher in Nigerian Naira as a result of the devaluation, as compared to a profit of $0.3 million if the Nigerian Naira had not depreciated in value. Excluding this loss resulting from the Nigeria Naira devalution, the gross profit would have been $7.8 million (23.2%) for the quarter and $31.2 million (27.0%) for nine months of 2016.
• There were also higher equipment sales and lower writeback from project closures for nine months of 2016.
Friday, November 11, 2016
KrisEnergy
KrisEnergy - 11th Nov 2016
KrisEnergy after touching the low of 13.8 cents on 3rd Nov 2016, it had managed to stage a strong rebound and head higher to touch 19.4 cents on 8th Nov 2016. Couple with high volume, this is generally quite positive.
Both Macd & Rsi are still trending upwards which may likely provide further indication that the share price may continue to head higher.
Short term wise, I think it may move up to test 19.4 cents then 20 cents.
Breaking out of 20 cents with ease + high volume that may likely propel to drive the share price higher towards 27 cents and above.
( trade base on your own decision)
KrisEnergy after touching the low of 13.8 cents on 3rd Nov 2016, it had managed to stage a strong rebound and head higher to touch 19.4 cents on 8th Nov 2016. Couple with high volume, this is generally quite positive.
Both Macd & Rsi are still trending upwards which may likely provide further indication that the share price may continue to head higher.
Short term wise, I think it may move up to test 19.4 cents then 20 cents.
Breaking out of 20 cents with ease + high volume that may likely propel to drive the share price higher towards 27 cents and above.
( trade base on your own decision)
Sunpower
Sunpower - 11th Nov 2016
Sunpower after touching the low of 34 cents on 15th Sept 2016, it had managed to rise higher and conquer the major overhead resistance at 42.5 cents and closed well at 46.5 cents on 8th Nov 2016.
Couple with high volume, this is rather positive.
The price had managed to follow through the next trading session and touch the high of 49.5 cents on 9th Nov 2016.This is generally quite healthy/bullish.
The current price of 47.5 cent is staying above the SMA lines which may likely provide further indication that the share price may continue to rise higher.
Short term wise, I think it may move up to test 49.5 cents. Crossing over of 49.5 cents with ease + high volume that may propel to drive the share price higher towards 55 cents with extension to 60 cents.
( trade base on your own decision).
Sunpower after touching the low of 34 cents on 15th Sept 2016, it had managed to rise higher and conquer the major overhead resistance at 42.5 cents and closed well at 46.5 cents on 8th Nov 2016.
Couple with high volume, this is rather positive.
The price had managed to follow through the next trading session and touch the high of 49.5 cents on 9th Nov 2016.This is generally quite healthy/bullish.
The current price of 47.5 cent is staying above the SMA lines which may likely provide further indication that the share price may continue to rise higher.
Short term wise, I think it may move up to test 49.5 cents. Crossing over of 49.5 cents with ease + high volume that may propel to drive the share price higher towards 55 cents with extension to 60 cents.
( trade base on your own decision).
Noble
Noble - 11th Nov 2016
Noble after touching the low of 11.2 cents on 2nd Sept 2016 , it had managed to stage a strong recovery and head higher to touch 21 cents on 10th Oct 2016.This is generally rather bullish.
It had since retreated lower to touch 16 cents on 2nd Nov 2016 after hitting the high of 21 cents. Currently, it has again risen from the low of 16 cents and closed well at 19.5 cents on 11th Nov 2016.
Both the Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
The current price of 19.5 cents is staying above the SMA lines which is rather healthy/positive.
Short term wise, I think it may likely move up to test 20.5 cents /21 cents. Breaking out of 21 cents convincingly that may propel to drive the share price higher to 25.5 cents then 29 cents.
( trade base on your own decision)
Noble after touching the low of 11.2 cents on 2nd Sept 2016 , it had managed to stage a strong recovery and head higher to touch 21 cents on 10th Oct 2016.This is generally rather bullish.
It had since retreated lower to touch 16 cents on 2nd Nov 2016 after hitting the high of 21 cents. Currently, it has again risen from the low of 16 cents and closed well at 19.5 cents on 11th Nov 2016.
Both the Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
The current price of 19.5 cents is staying above the SMA lines which is rather healthy/positive.
Short term wise, I think it may likely move up to test 20.5 cents /21 cents. Breaking out of 21 cents convincingly that may propel to drive the share price higher to 25.5 cents then 29 cents.
( trade base on your own decision)
Sunday, November 6, 2016
Vard
vard - 7th Nov 2016
Looks like it is touching the resistance level at 21.5 cents. If it is unable to conquer 21.5 cents convincingly then it may likely fall back to 19.6 cents then 19 cents.
Breaking down of 19 cents may go further down towards 18 cents.
(Trade base on yr own decision)
Looks like it is touching the resistance level at 21.5 cents. If it is unable to conquer 21.5 cents convincingly then it may likely fall back to 19.6 cents then 19 cents.
Breaking down of 19 cents may go further down towards 18 cents.
(Trade base on yr own decision)
Saturday, November 5, 2016
Geo Energy
Geo Energy - 4th Nov 2016
Geo Energy after touching the low of 9 cents on 3rd Aug 2016 it had since stage a strong recovery to head higher to clear the overhead resistance at 14.1 cents being attained on 15th July 2016. This is generally rather bullish.
Both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely conquer the recent high of 22.5 cents being set on 2nd Nov 2016. Breaking out of 22.5 cents with high volume this may propel to drive the share price higher towards 25 cents then 30 cents with extension to 35 cents.
(trade base on your own decision)
Geo Energy after touching the low of 9 cents on 3rd Aug 2016 it had since stage a strong recovery to head higher to clear the overhead resistance at 14.1 cents being attained on 15th July 2016. This is generally rather bullish.
Both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely conquer the recent high of 22.5 cents being set on 2nd Nov 2016. Breaking out of 22.5 cents with high volume this may propel to drive the share price higher towards 25 cents then 30 cents with extension to 35 cents.
(trade base on your own decision)
Capitaland
Capitaland - 4th Nov 2016
Capitaland after hitting the high of $3.28 on 10th Aug 2016 it had since retreated and gone lower to touch $3.03 on 4th Nov 2016. This is rather bearish.
It has broken down the major support level at $3.06 which may likely see further selling down pressure. The fact that it has broken down of $3.06 and closed lower at $3.04 this signify further weakness for the price.
Both Macd & Rsi are pointing downwards which may be a tell tale sign the the share price may likley continue to trend lower.
Short term wise. I think it may go down to test $3.00. Breaking down of $3.00 with high volume that may drive the share price lower towards $2.95 then $2.85.
EPS of 11.4 cents base on half year result. NAV of $3.95, P/B of 0.78x. Cash & Equivalents about $3.92B. I think fair value appearing if price fallen below $3.00. Good opportunity present if price further weaken towards $2.85.
3rd quarter result will be out on 9th Nov 2016.
(trade base on your own decision)
Capitaland after hitting the high of $3.28 on 10th Aug 2016 it had since retreated and gone lower to touch $3.03 on 4th Nov 2016. This is rather bearish.
It has broken down the major support level at $3.06 which may likely see further selling down pressure. The fact that it has broken down of $3.06 and closed lower at $3.04 this signify further weakness for the price.
Both Macd & Rsi are pointing downwards which may be a tell tale sign the the share price may likley continue to trend lower.
Short term wise. I think it may go down to test $3.00. Breaking down of $3.00 with high volume that may drive the share price lower towards $2.95 then $2.85.
EPS of 11.4 cents base on half year result. NAV of $3.95, P/B of 0.78x. Cash & Equivalents about $3.92B. I think fair value appearing if price fallen below $3.00. Good opportunity present if price further weaken towards $2.85.
3rd quarter result will be out on 9th Nov 2016.
(trade base on your own decision)
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