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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.