Saturday, November 30, 2019

STI & Bank

STI chart wise, looks rather bearish!
Likely to continue to trend lower!


First sign of danger if it has broken down the recent low of  3189.
Next level to watch will be 3145 with further sliding down towards 3040 and 3000 level.


If you noticed all the 3 banks counters are under performance and is on the verge of falling further down. DBS I think likely to go down to retest 24.00, OCBC 10.45 & UOB 25.00.

Not a call to buy or sell.

Pls dyodd.



Friday, November 29, 2019

Sardine Tech

Despite the market is selling down Sarine Tech managed to show strength of moving up further!




The pull back was rather nice and likely to move up to take out 42 cents smoothly and rises higher towards 45 then 50 cents.

Pls dyodd.

27 Nov 2019
Today we have witnessed the nice breaking out moment at 38.5 cents and close well at 39 cents coupled with quite a nice volume looks rather positive!




Short term wise,I think it will rise to retest 42 cents again!
Breaking out smoothly plus good volume that may drive the price higher towards 45 then 50 cents .


Not a call to buy or sell.
Pls dyodd.


Thursday, November 28, 2019

Acccordia Golf

Accordia Golf is having a spike in price due to the potential sales of all its Golf courses!

The Price Gap up coupled with high volume looks bullish!


Short term wise, I think it may likely rise to retest 70 then 72.5 cents with extension to 77.5 cents.

Nav 76 cents.
half year DPU of 2.61 cents. XD 3 Dec. Pay date - 18 Dec.


Not a call to buy or sell.

Pls dyodd.

Wednesday, November 27, 2019

Ocbc Bank

Chart wise ,it is rather weak and may likely continue to trend lower!


Short term wise,I think breaking down of $10.90 level would be rather bearish and may likely see the price going down towards $10.60 level with extension to 10.45.


Not a call to buy or sell.
Pls dyodd

Mapletree NAC Tr

After touching the low of $1.13 it has managed to bounce off and rises higher to close at $1.17, looks rather positive!


Short term wise,I think it will retest 1.18 again!
Breaking out of $1.18 smoothly plus good volume that may see the price rises higher towards $1.20 then $1.24 with extension to $1.28.


Not a call to buy or sell.
Pls dyodd.

SarineTech

Today we have witnessed the nice breaking out moment at 38.5 cents and close well at 39 cents coupled with quite a nice volume looks rather positive!




Short term wise,I think it will rise to retest 42 cents again!
Breaking out smoothly plus good volume that may drive the price higher towards 45 then 50 cents .


Not a call to buy or sell.
Pls dyodd.

Tuesday, November 26, 2019

SGX

This is what we have witnessed the dumping effect!

Don't take this dumping too likely!
The chart is definitely damaged.


Short term wise, I think it may likely continue to head south!

First target price would be $8.40-$8.43. Next, we could be seeing $8.20 with extension to $8.00.


Dividend of 30 cents.
Yield is 3.47% @ $8.64.
At $8.00 yield is about 3.75% which is quite fairly decent.
Certainly, many would prefer the yield of 4.28% at $7.00.

Not a call to buy or sell.
Pls dyodd.


Sunday, November 24, 2019

SarineTech

Looks like it may retest 38.5 then42 cents again,seems bullish!


Breaking out of 42 smoothly plus good volume that may drive the price higher towards 50 and above!


Pls dyodd.

After hitting the high of 42 cents it has retracted to take a breather!


Likely to continue to move up to test 42 cents agAin!


Breaking out of 42 cents plus good volume that may push the price higher to 45 then 50.

Pls dyodd


Fantastic! It has manage to breakout out 30 cents and 32 cents and run away coupled with super high volume this is rather positive!

This bullish momentum would likely continue to drive the price higher!


Short term wise , I think it would retest 40.5 then 48 cents with extension to 55 cents.

Not a call to buy or sell.
Pls dyodd.



6th Nov 2019
TA wise, look bullish! Likely to continue to trend higher!


My Trading plan:
EP 30 cents
TP 40-45 cents
SL 37 cents


 Chart wise , looks like it is going to breakout 30 again!

Bravo, a nice breakout at 30 cents coupled with high volume looks positive!It is in the way towards 40 then 45 '




 Not a call to buy or sell. Pls dyodd.

Saturday, November 23, 2019

MM2 Asia

This bugger is on a reversal trAding patterns!


Likely to re-attempt the recent high of 29 cents!

Breaking out of 29 smoothly plus good volume I think it may likely move up to retest 31.5 cents then 33 cents with extension to 35.


Not a call to buy or sell.
Pls dyodd.


Friday, November 22, 2019

Ascendas Reit

Last Friday close well at $2.94 the last day for Rights trAding that end on 22 Nov, looks pretty positive!


The Rights started off at 27.5 cents on 14 Nov and ended slightly higher at 30-30.5 cents looks like people are realising the value of this Biggest Industrial reit locally!


The Rights offer price of $2.63 offering a discount of 17% from its trading price of $3.17.

The last day for Rights application end on 28 Nov 5pm-9.00pm.


The Rights will be traded on 6 Dec.

I went to the nearby atm and subscribed and paid up the Rights today!

Huat ah!

Pls dyodd.



Wednesday, November 20, 2019

DBS Bank

Chart wise , Looks rather bearish!
As can be seen from the chart rounding Top patterns and it failed to break out 26.80, looks rather negative!


Today it gap down to $25.76 looks like the uptrend has turned into bearish mode.


Short term wise,I think it may likely go down to retest 25.00 then $24.50 with extension to $24.00.

Not a call to buy or sell.
Pls dyodd.






F & N

Chart wise, failure of a Gap up
Went down again to $1.72 doesn't look so rosy!


XD on 4th Feb 2020.
Why set the XD date so far away ! No wonder price also doesn't seem to move up!

If the support at $1.72 cannot hold then next, we could be seeing $1.69 again!


Pls dyodd.



6th Nov 2019
Today I nibble a smAll sample of this counter at 1.69.
NAV 1.971.
P/B 0.867.
Dividend of 4.5 cents.



F & N has commenced operations of Emerald Brewery Myanmar, marking its return to the Myanmar beer market.
Emerald Brewery, a joint-venture between F&N and local partners, has established a greenfield brewery located in Hlegu Township in Yangon, to brew Chang Lager Beer.
Looks interesting!
Whether the economy is it good or bad, I think beer lover will continue to pour their love onto it!



Chart wise, in a neutral mode!
Immediate support is at 1.69.
I think this Friday or Monday will be releasing it's Full Year financial result ! A Final dividend of 3 cents is expected to be announced! 



Short term wise, I think it may rise up to test 1.74 then 1.76 with extension to 1.87.

Not a call to buy or sell.


Pls dyodd.

Tuesday, November 19, 2019

Ascendas Reit

Today close 4 cents higher at $2.93 looks pretty encouraging!

Hopefully tomorrow it can overcome$2.95 and continue to rise higher towards 3.00 then 3.04.


Rights trAding will expired on 22 Nov.

Application for Rights offer at $2.63 per share dead line 28 Nov pm.

DPU accretive. Estimated increase dpu of 3% to 16.4 cents.
Yield is 2.56%.

Not a call to buy or sell.
Pls dyodd.

Monday, November 18, 2019

Genting Sing

Today close well at 95 cents, looks rather positive!


I think likely to move up to retest 96 then 1.00 again!

Pls dyodd.

13th Oct 2019

Chart wise, looks like the current momentum may continue to drive the price higher!
Last Friday, close well at 91 cents coupled with high volume this is rather bullish!


RSI is rising up nicely and the share price is staying above its SMA line looks likely it may continue to trend higher!

Short term wise, I think a nice breaking out of 91 cents + good volume that may propel to drive the price higher towards 95 cents with extension to 1.00.


EPS of 61 - 63 cents.
PE is about 14 - 15x.
Dividend of 3.5 cents.
Yield is about 3.85%

Healthy FCF. I think the dividend of 3.5 cents is sustainable.


Not a call to buy or sell.

Pls dyodd.

Sunday, November 17, 2019

SBS Transit


It has dropped to an interesting price level of $3.90!
Yearly dividend of 14.15 cents , yield of 3.63% looks quite decent for this defensive counter!


Next price transport fare hike of 7% I think price may rise again!

Likely to move to to test 3.95 then 4.05 .


Not a call to buy or sell.

Pls dyodd 


Saturday, November 16, 2019

CapitaMall Trust

Swee! It has managed to cleared the resistance at $2.49 and close well at $2.52,looks positive!


I like the bullish pin bar and likely to move up to test 2.59 then 2.63 with extension to 2.72.


Huat ah!
Pls dyodd.



apitamall trust - bounced off from 2.44 and managed to clear the resistance at 2.49 , looks positive!


Likely to continue to trend higher!

Short term wise, I think it may likely move up to test 2.60 .
Breaking out of 2.60 smoothly plus good volume that may drive the price higher towards 2.70 .



Not a call to buy or sell.Pls dyodd.

Mapletree NAC

It has managed to bounced off from the support at 1.14 looks like Bull has managed to take control of this situation !


Short term wise,I think it may rise up to test $1.20 level.
Crossing over with ease plus good volume that may drive the price higher towards $1.29 and above.


Not a call to buy or sell.
Pls dyodd.




Friday, November 15, 2019

Singapore Telecom

As expected, the price Gap down the next day after posting it's first losses!


Please don't take this Gap down too likely!

Last Friday it close 12 cents lower to close at 3.18, coupled with high volume,this is rather bearish!


Short term wise, I think it may slide further Down to test the support at 3.08-3.10. Breaking down of 3.08 with high volume that may go down towards 2.98-3.00 with extension to 2.83.

Pls dyodd.





15th Nov 2019
2nd quarter result is out ,the first loss of $667m!


Not a call to buy or sell.Pls dyodd.


The Net Loss in 2Q is due to the provision of S$q pre-tax share of Bharti Airtel's provision for the past dues. Excluding Airtel, quarterly net profit would have been up 4%. 

Dividend of 6.8 cents maintained.

I think is cautious mode!

Let's see how market react!

Don't take things for granted!

Not a call to buy or sell.Pls dyodd.



Not a call to buy or sell.
Pls dyodd.


Not a call to buy or sell.Pls dyodd.

Dow And S&P

Both US indexes hitting all time high!
Dow hit 28000 level and S&P hitting 3120 mainly driven by trade saga / news!
Dow
 S&P


The volume doesn't seem so encouraging even though both indexes Gap up and close at all time high!


I think is good to keep some cash on hands in case ,things has fallen off within the next few months!

Not a call to buy or sell.
Pls dyodd.


Thursday, November 14, 2019

SingTel

2nd quarter result is out ,the first loss of $667m!


Not a call to buy or sell.Pls dyodd.


The Net Loss in 2Q is due to the provision of S$1.93b pre-tax share of Bharti Airtel's provision for the past dues. Excluding Airtel, quarterly net profit would have been up 4%. 

Dividend of 6.8 cents maintained.

I think is cautious mode!

Let's see how market react!

Don't take things for granted!

Not a call to buy or sell.Pls dyodd.



Not a call to buy or sell.
Pls dyodd.


Not a call to buy or sell.Pls dyodd.


Wednesday, November 13, 2019

CMT

Capitamall trust - bounced off from 2.44 and managed to clear the resistance at 2.49 , looks positive!


Likely to continue to trend higher!

Short term wise, I think it may likely move up to test 2.60 .
Breaking out of 2.60 smoothly plus good volume that may drive the price higher towards 2.70 .


Not a call to buy or sell.Pls dyodd.


SardineTech

After hitting the high of 42 cents it has retracted to take a breather!


Likely to continue to move up to test 42 cents agAin!


Breaking out of 42 cents plus good volume that may push the price higher to 45 then 50.

Pls dyodd


Fantastic! It has manage to breakout out 30 cents and 32 cents and run away coupled with super high volume this is rather positive!

This bullish momentum would likely continue to drive the price higher!


Short term wise , I think it would retest 40.5 then 48 cents with extension to 55 cents.

Not a call to buy or sell.
Pls dyodd.



6th Nov 2019
TA wise, look bullish! Likely to continue to trend higher!


My Trading plan:
EP 30 cents
TP 40-45 cents
SL 37 cents


 Chart wise , looks like it is going to breakout 30 again!

Bravo, a nice breakout at 30 cents coupled with high volume looks positive!It is in the way towards 40 then 45 '



 Not a call to buy or sell. Pls dyodd.

Tuesday, November 12, 2019

Ascendant Reit

Looks like price has rebound to 2.94 today ,looks positive!


Do remember trading of Rights begin tomorrow till 22 Nov.



Commencement of trading of Rights Entitlements : 14 November 2019

Last date and time of splitting and trading of Rights
Entitlements
: 22 November 2019

Closing Date:
Last date and time for acceptance of the Rights
Entitlements and payment for Rights Units(1)
: 28 November 2019 at 5.00 p.m.(2)

(9.30 p.m. for Electronic Applications
through ATMs of Participating Banks)
Last date and time for application and payment for
Excess Rights Units(1)
: 28 November 2019 at 5.00 p.m.(2)
(9.30 p.m. for Electronic Applications
through ATMs of Participating Banks)
Last date and time for acceptance of and payment
by the renouncee(1)
: 28 November 2019 at 5.00 p.m.(3)
Expected date for crediting of Rights Units : 6 December 2019
Expected date for commencement of trading of Rights
Units on the SGX-ST

: 6 December 2019

Mapletree Mac tr

The hk issue is causing this famous reit counter to drop again ,doesn't looks rosy!


 A gap down at 1.18 which is the immediate support!


 Failure to hold onto this level then it may go down to test 1.14 and 1.10 level.

Not a call to buy or sell.
Pls dyodd.

CityDev

 a drop of 33% in net profit of $115m as it was hit by impairment losses of about S$37m made on two M&C hotels.


Excluding impairment and privatisation costs, PATMI would have declined by 11.4%. 

Results doesn't look rosy!
I think price likely go lower!


Chart wise, It may likely retest 10.58 level. Breaking down of this level plus high volume then it may continue to slide down towards 10.36 level with extension to 10.00.

Not a call to buy or sell.
Pls dyodd.


Monday, November 11, 2019

Food Empire

3rd quarter Net profit of US$7.9m a rise of 34.4% on sales growth in Russia, Ukraine and IndoChina. The group expects business to "remain resilient" even as the global economy is projected to grow at a slower pace for the remaining part of 2019 as a result of continuing trade tensions between the US and China.


The results looks good!


Chart wise, looks bullish!
Likely to retest 55 cents again!

A nice breaking out of 55 smoothly plus good volume that may drive the price higher to 56.5 then 60 with extension to 70.

Not a call to buy or sell.
Pls dyodd.


Sunday, November 10, 2019

Mapletree reits

I think is healthy correction that is happening now for these 3 famous counters like MCT,MLT and MINT.


For those that are patiently waiting for price to correct so that they can hop onto these famous reits I think the opportunity is here!


MCT looks like it may retest 2.10 then 2.00 level.


MINT likely to test 2.30 then 2.20 level.

MLT looks like it may retest $1.50 then $1.40 level.

Not a call to buy or sell.
Pls dyodd.


Saturday, November 9, 2019

Frasers L&I Tr

Come Monday is 11,11 sales will reit counter also turn lower and give us the ideal price that many are wAiting for!


Chart wise, spotted a wide bearish bar, looks rather weak and it may likely go down to test 1.18 level.


Breaking down of 1.18 + high volume then we may likely see 1.16 & 1.14 again!

XD on 13th Nov 2019.

Not a call to buy or sell.
Pls dyodd.





Keppel DC reit

Chart wise, looks bearish! Immediate support is at 1.88 level.


 Failure to hold onto this support level we may see further selling down pressure!


nbsp;Short term wise, I think it may likely retest 1.88. Breaking down plus high volume that may continue to slide down towards 1.80 then 1.72 with extension to 1.60 level.

Not a call to buy or sell.

Pls dyodd.

Friday, November 8, 2019

HrNetGroup

Chart wise, It has a nice breakout moment of 62 cents last Friday coupled with quite a high volume this is rather bullish!


Of course, I would prefer the volume to be slightly higher. Nevertheless, it has managed to overcome the recent resistance at 62 cents and breakout decisively, looks rather positive.


Short term wise, I think it may likely move up to retest 68 cents then 70 cents with extension to 78 cents.

Not a call to buy or sell.

Pls dyodd.


SarineTech

Fantastic! It has manage to breakout out 30 cents and 32 cents and run away coupled with super high volume this is rather positive!

This bullish momentum would likely continue to drive the price higher!


Short term wise , I think it would retest 40.5 then 48 cents with extension to 55 cents.

Not a call to buy or sell.
Pls dyodd.



6th Nov 2019
TA wise, look bullish! Likely to continue to trend higher!


My Trading plan:
EP 30 cents
TP 40-45 cents
SL 37 cents


 Chart wise , looks like it is going to breakout 30 again!

Bravo, a nice breakout at 30 cents coupled with high volume looks positive!It is in the way towards 40 then 45 '


 Not a call to buy or sell. Pls dyodd.

Wednesday, November 6, 2019

Sarine Tech

TA wise, look bullish! Likely to continue to trend higher!


My Trading plan:
EP 30 cents
TP 40-45 cents
SL 37 cents


 Chart wise , looks like it is going to breakout 30 again!

Bravo, a nice breakout at 30 cents coupled with high volume looks positive!It is in the way towards 40 then 45 '

 Not a call to buy or sell. Pls dyodd.

Mapletree Nac Tr

ONE of the few good sponsor reiterated under the strong name that has been overly pressed down due to hk issue!


Full occupancy for their hk FW,looks like market has overly reacted!


Yearly dpu of 7.7+ cents.
Yield is 6.13% base on 1.26.
 NAV 1.438.
Gearing is about 37.2

Looks like it may rise to retest 1.30 again!
Crossing over with ease plus good volume that may drive the price higher towards 1.38 then 1.45.


Pls dyodd.


19 October 2019
2nd quarter result is out!
Dpu still manage to inch up 0.6% to 1.937 cents vs last year.
Results seems better than expectations!


Rental revenue is up. Net property income is also up. Looks pretty encouraging!

Ex.dividend on 4th Nov.
Pay date on 22 Nov.


Cash flow seems healthy.


Outlook:

For Hong Kong SAR, overall retail sales from April 2019 to August 20191 contracted by 9.3%, as the
weaker economic conditions and protests, which started in the middle of June 2019, continued to
dampen consumer sentiments

. Festival Walk has maintained full occupancy and achieved positive
average rental reversion for leases renewed for 1H FY19/20. However, with the ongoing uncertainties,
Festival Walk’s near-term outlook is expected to remain subdued.


In Beijing
, macroeconomic headwinds and availability of new office supply are expected to weigh on
overall leasing momentum, putting downward pressure on both rental and occupancy levels at
Gateway Plaza.

For Shanghai
, demand for business park space remains relatively resilient, supported
by cost-sensitive occupiers, and new media and information technology firms. Sandhill Plaza is
expected to maintain a steady performance.

The Tokyo office market
is expected to remain positive, underpinned by low vacancy rates.

The Japan
Properties, with long average lease expiry periods and high average occupancy rates, are expected to
continue to contribute to the stability of MNACT’s portfolio.


Pls dyodd.

F & N

Today I nibble a smAll sample of this counter at 1.69.
NAV 1.971.
P/B 0.867.
Dividend of 4.5 cents.


F & N has commenced operations of Emerald Brewery Myanmar, marking its return to the Myanmar beer market.
Emerald Brewery, a joint-venture between F&N and local partners, has established a greenfield brewery located in Hlegu Township in Yangon, to brew Chang Lager Beer.
Looks interesting!
Whether the economy is it good or bad, I think beer lover will continue to pour their love onto it!


Chart wise, in a neutral mode!
Immediate support is at 1.69.
I think this Friday or Monday will be releasing it's Full Year financial result ! A Final dividend of 3 cents is expected to be announced! 


Short term wise, I think it may rise up to test 1.74 then 1.76 with extension to 1.87.

Not a call to buy or sell.
Pls dyodd.