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Saturday, February 24, 2018

Sheng Siong

Sheng Siong - Local supermarket has been generally doing well as reflected on their Financial results with consistent rising in Net Income & cash flow for the past five years:

Company has a net cash position of about 4.9 cents per share.
I think zero debts and giving out a dividend payout ratio of 71% @ 3.3 cents for FY 2017. Yield is about 3.55%.

EPS is 4.64 cents. PE of 21.5 at 93 cents.
I think average PE is about 25x should be achievable at $1.16.

I think The fair value is about $1.10 - $1.20. At current price of 93 cents, upwards potential is about 25% to hit the TP of $1.16.



Not a call to buy or sell.
dyodd

Friday, February 23, 2018

STI

STI - Last Friday it has managed to cross over the overhead resistance at 3520 and closed higher at 3533. This is generally quite positive.

From TA point of view, price is staying above the SMA lines which is rather bullish!

Short term wise, likely to see it move up to test 3577. Breaking out with ease + good volume that may propel to drive the index higher towards 3611 and above.

Not a call to buy or sell. TRADING Book click here
dyodd.

Friday, February 16, 2018

SingTel

SingTel - From TA point of view, it is rather bearish! The price is staying below 20,50,100 & 200 MA.


It has also broken down the Two year low support level at $3.40 ..


Currently, it is re-testing the recent low of $3.33.
Breaking down may see it slide further down towards $3.30 then $3.20 with extension to $3.00.

How do I identify the setup up for Short or Long it is basically being explained on this Trading Manual. CNY discount :

Not a call to sell or buy.
dyodd.

Thursday, February 15, 2018

SingPost

Happy Chinese New Year to All!

SingPost - After touching the low of $1.23 on 15 Jan 2018, It has generally recovered and stage a strong recovery to hit the high of $1.47.


This is rather bullish! From TA point of view, it seems that it has touched the bottom and it is on its way to move up the channel.

A nice reversal play candidate. Look for it to re-attempt the recent high of $1.47.Crossing over with ease that may drive the price higher towards $1.50 with extension to $1.55. Not a call to buy or sell. dyodd

Saturday, February 10, 2018

STI

STI - From the daily chart patterns , STI doesn't look good! Index is staying below 20,50 & 100 MA. 
Support is at 3370. Immediate resistance is at 3470. I think Mon may see a rebound following Dow overnight rebound of +300 points. 


I think is good to lock in profits as market would be very volatile going forward. 
Not a call to sell or buy. 
Dyodd

UOL

UOL - From TA point of view, it is rather bearish.
Price is hovering below 20,50 & 100MA.
Last Friday it has managed to bounce-off from 200MA at $8.23 and closed at $8.34.



Short term wise, I think it may likely continue to trend lower.
Breaking down of $8.20 it may likely move down to test $8.00 then $7.50.
Not a call to sell or buy.
dyodd

Friday, February 2, 2018

Ocbc

Ocbc - After hitting the high of $13.220 on 25th Jan 2018, it has since retreated and head lower to touch $12.80 on 2nd Feb 2018. Looks rather Bearish!


Short term wise, I think it may likely move down to test $12.640 with extension to $12.10.
Not a call to sell or buy.
dyodd

Union Gas

Union Gas - After touching the low of 23.5 cents on 8 Dec 2017, it has since recovered and stage a strong recovery to touch 30 cents on 1st Feb 2018. Looks rather bullish!


Short term wise, I think it may move up to re-capture 30 cents and perhaps move up to test the recent high of 31.5 cents.
Breaking out of 31.5 cents with ease that may propel to drive it higher to 35 cents then 40 cents.
not a call to buy or sell.
dyodd