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Monday, April 15, 2019

SGX

Chart wise, looks rather bearish!

 Today we have noticed a wide bearish candlestick bar that is engulfing the past 3 trading days candlesticks looks rather negative . Bear is fully in control of this situation.


Today price slipped  9 cents to close at 7.30 level which is also coincide with the lower trend line, looks rather shaky and may likely continue to go lower.

Short term wise, it may likely go down to retest 7.21 level then 7.10 with extension to 6.84 level.

Not a call to buy or sell.

Pls dyodd.


Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.
With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.
As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.
Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.





Friday, April 12, 2019

BestWorld

For those that has opened their short selling from 3.30 would be laughing all the way to the bank!


Today it has broken the support level at 1.88 and 1.80 level to close at 1.77, looks super bearish!


Short term wise, it may likely continue to trend lower!

Pls dyodd.


8th Feb 2019
Pretty impressive running up!
Will it continues to cross over the recent high of 3.33!

It seems that bull is still trying to push it higher!

Pls dyodd.



8th Feb 2019
It has continued to rise further and closed higher at 3.30 level.
I think the speed of rising for this kind of scenario is not going to last. Retracement may happen any moment.

I won't be chasing but would be looking at opportunity to take advantage to go short .

I think is good to lock in your profit .

Not a call to sell or buy.

Pls dyodd.

8th Feb 2019
I think the danger is lurking!
High can go even higher. That is the mystery answer!


The current price of 3.19 is trading at All-Time-High.
I think price is hovering far away from its SMA lines which may likely retrace any moment.
Is good to be extra cautious and don't chase blindly!
The volume is low yet the price keep heading higher. RSI is entering into super overbought territories.


NAV is 0.279.
P/B is 11.41x
PE 26x
Dividend of 4.1 cents, Yield of 1.28%

Short term wise, I think it may likely Gap down and retest 2.88 level then 2.66.
Breaking down of 2.66 would be super bearish and may likely go down to revisit 2.35 level then 2.18.

With this kind of price, I would rather switch to SingTel the solid blue chip counter which is giving me a yield of 5.7%.


Not a call to buy or sell.

Pls dyodd.



Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products. The company operates through Direct Selling, Export, and Manufacturing/Wholesale segments. It offers inner harmony products, including Avance for digestive health, circulatory health, natural resistance, rejuvenation, and oral care; and Optrimax weight management products. The company also provides outer harmony products, such as DR’s Secret range of products for complexion; Miraglo that removes impurities on the skin surface; Aestier for wrinkles, fine lines, and loss of firmness; and PentaLab personal care products. In addition, it offers lifestyle harmony products comprising ÜberAir, a series of air-enhancing equipment. Further, the company manufactures and distributes the Aurigen line of supplements through drugstores. It operates in Singapore, Thailand, Taiwan, Indonesia, Malaysia, Vietnam, Hong Kong, China, Korea, the Philippines, Myanmar, and Dubai. Best World International Limited was founded in 1990 and is headquartered in Singapore.

Thursday, April 11, 2019

DBS

Looks like the Bull is rejecting the high! Close lower at 26.92 with a topping tails, looks rather weak and we may likely see a pull back reaction!


 Short term wise, I think it may likely go down to retest 26.70 then 26.44 then 26.00 level.


 Not a call to buy or sell.

 Pls dyodd.

Hi-P

Hi-P with this Gap down happening 2 days ago, looks rather weak.
It may likely slide down again

Immediate level to watch out is 1.34. Failing to hold at this level may see further selling down pressure!




8th April 2019
TA wise , looks bearish!

Please mind the Gap !



Is important not to overlook this Gap down. Likely to be some news that is causing the price to Gap down . I think is good to be extra cautious!


The Uptrend has been disrupted and may likely continue to go lower. Short term wise, I think it may go down to revisit 1.37/1.38 level that is coincide with it's 50 days Moving Average!

Not a call to sell or buy .


Pls dyodd.

Wednesday, April 10, 2019

SingTel

Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!

Finally, the bull is back !

Looking good to retest 3.20 then 3.28 level .

Pls dyodd.

TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.




Looks healthy and it may likely move up to retest the next level that is 3.20


Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.

Not a call to buy or sell.

Pls dyodd.




Tuesday, April 9, 2019

China Sunsine

Today it had managed to bounce-off from the recent low of 1.09 and close well at 1.14 level, coupled with quite a high volume this is rather bullish!

A bullish pin bar has been reflected on the chart which is rather positive as Bull has managed to take control of the situation.


Short term wise, I think it may likely retest 1.17 level.
Breaking out of 1.17 with ease + good volume that may drive the price higher to 1.21 with extension to 1.29 level.

Not a call to buy or sell.

NAV 0.95
Dividend of 5.5 cents
Yield of 4.82%,looks quite attractive

EPS 26 cents.
PE of 4.38x.
Zero debts
Net cash per share of about 42 cents.


China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. It offers rubber accelerators, anti-oxidant agents, anti-scorching agents, and insoluble sulphur used for the production of tires and other rubber related products, such as shoes, belts, and hoses. The company provides its products under the Sunsine brand name. It is also involved in the production and supply of heating power; and hotel and restaurant business. The company primarily serves the tire companies. China Sunsine Chemical Holdings Ltd. was incorporated in 2006 and is based in Singapore. China Sunsine Chemical Holdings Ltd. is a subsidiary of Success More Group Limited.