Chip Eng Seng , Sheng Siong & Hong Lai Huat - Uptrend counters

These are the few uptrend counters that I have observed at this moment! The market is gearing towards down side as STI has broken down the 3200 level and is on the verge of re-challenging 3100 level. Breaking down of 3100 level would smell troubles and super bearish as market may kicks into BEAR Mode.

 This is just for sharing and not a call to buy or sell.

 Please do your own due diligence.


 1. Hong Lai Huat - From the chart we can notice that after touching the low of 15 cent, it has managed to stage a strong recovery and surge higher to hit the high of 28 cents . This is rather positive!

 It is now taking a break( 25.5 cents) and may likely re-attempt this recent high of 28 cents. The volume bar with many huge volume transacted indicate that DEMAND is strong. This driving force may likely drive the price higher above 28 to test 30 then 35 with extension to 44 cents.

2. Chip Eng Seng - After being sold down from $1.07 to touch the low of 77 cents, it had managed to stage a strong recovery and rises to hit 87.5 cents. This is rather bullish!

Short term wise, I think it may likely move up to re-attempt this 87.5 cents level after taking a short break(86 cents). Breaking out of 87.5 cents with high volume that may drive the price higher towards 90 then 92 cents.

3. Sheng Siong - After touching the low of 85 cents, it has managed to stage a strong rebound and rises higher to hit the all time high of $1.19. It is now taking a break($1.14) and may likely re-challenge this 1.19 level.

Breaking out of $1.19 with good volume, that may propel to drive the price higher to wards 1.25 and above.


I think is always good to lock in profit especially it has been risen from 85 to 1.19..

Trade/invest base on your own decision.


Hong Lai Huat Group Limited focuses on the property development and agricultural investment activities. The company operates through Agriculture, and Property Development and Real Estate divisions. It engages in the business of agricultural development, cultivation, branding and merchandising, and distribution of cassava under the CAMFARM brand. The company cultivates cassava in approximately 11,000 hectares of land in Cambodia; and produces cassava starch and dry cassava chips. It also invests in and develops commercial and residential properties. The company develops HDB projects, community centers, public schools, shopping malls, private residential properties, apartments, and industrial properties in Singapore; and a freehold mixed development project in Cambodia. The company was formerly known as HLH Group Limited and changed its name to Hong Lai Huat Group Limited in April 2018. Hong Lai Huat Group Limited was founded in 1988 and is based in Singapore.


Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. The company operates through Construction, Property Developments, Property Investments, Hospitality, and Corporate and Others segments. The company constructs public housing projects, condominiums, and executive condominiums, as well as industrial and commercial projects; develops residential, commercial, and industrial properties, as well as manages development projects; and provides real estate management and consultancy services. It also leases investment properties, such as shophouses, and commercial and industrial properties; operates hotels and island resort; engages in treasury functions; and invests in marketable securities. In addition, the company acts as general building contractor; manufactures and trades in precast products; and provides general building engineering services. Chip Eng Seng Corporation Ltd was incorporated in 1998 and is headquartered in Singapore.

Sheng Siong Group Ltd., an investment holding company, operates supermarkets in Singapore. The company’s stores offer an assortment of live, fresh, and chilled produce, such as seafood, meat, and vegetables; and packaged, processed, frozen, and/or preserved food products, as well as general merchandise, including toiletries and essential household products. It is also involved in general trading, and wholesale import and export businesses. The company operates approximately 48 supermarkets/grocery stores under the Sheng Siong brand name. Sheng Siong Group Ltd. was founded in 1985 and is headquartered in Singapore.