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Thursday, February 11, 2016

SPH

SPH - 11th Feb 2016

SPH is still not out of the downtrend mode yet as reflected from the chart.
The current price of $3.55 is hovering below both 14SMA & 25SMA lines which is generally rather bearish.


Looks like it is going down to re-visit $3.50 the previous low price cum support level.
Breaking down of $3.50 with high volume that may drive the share price to trend lower towards $3.30 with extension to $3.00.

During market volatility / down trend mode the current price may seems cheap. But cheap can get cheaper. It will be wiser to wait for the reversal signal before deciding to Long/accumulate.
(trade base on your own decision)

Wednesday, February 10, 2016

COSCO

COSCO - 10th Feb 2016

COSCO looks rather bearish as reflected from the chart.
The current price of $0.315 is hovering below both 14SMA & 25SMA lines which is generally rather negative.


Also MACD are pointing downwards with no sign of reversal yet. It may continue to drift lower .

Breaking down of $0.285 with high volume that may send the price further down towards $0.25 with extension to $0.20.

( trade with extra cautious)

OCBC

OCBC - 10th Feb 2016

Ocbc is still very weak as reflected on the chart. It has been on a downtrend mode as indicated by the Red Line drifting lower each day from the high of $9.56 on 26th Oct 2016 and hitting the low of $7.41 on 10th Feb 2016. This is generally rather negative.


MACD are still pointing downwards with no sign of any reversal yet.

Looks like it may continue to trend lower towards $7.40,$7.00 with extension to $6.50.

Unless it is able to move up and cross over $8.00 that may reverse this downtrend in order to move u the channel towards $8.50 then $9.00.

During market volatility / downtrend , it will be good to remain side line . The price may seem cheap to buy. But cheap can get cheaper. It will be safer to wait for the market to stabilize or when the price is signalling to a reversal sign whereby you may decide to long/invest.

(trade base on your own  decision)


Aspial Treasury Bond

Aspial Treasury Bond - 10th Feb 2016

It will be a good fixed income investment to consider in the context of the market volatility & downtrend for the current situation. 

AspialTrea 5.25%b200828 - Aspial Treasury Pte Ltd. $1 offer price. Currently trading at $1.004 per share. Minimum lot size 1000 shares. Payable half yearly every February and August. Yearly yield of 5.25% per annum.

The first interest coupon of 5.25% will be payable on 29th Feb 2016. Ex CD date will be on the 18th Feb 2016.

Just announced today - 10th Feb 2016 on sgx website :
NOTICE OF BOOK CLOSURE DATE FOR INTEREST PAYMENT ON THE S$150,000,000 5.25 PER CENT. BONDS DUE 2020 ISSUED BY ASPIAL TREASURY PTE. LTD. AND UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY ASPIAL CORPORATION LIMITED (THE “BONDS”)

Interest Payment for the Bonds Further to the announcement issued by the Issuer through the Guarantor on 27 August 2015 on the issue and commencement of trading of the Bonds on 28 August 2015 and 31 August 2015 respectively, the Issuer wishes to announce the following in relation to the interest payment for the Bonds:

1. Issuer: Aspial Treasury Pte. Ltd.
2. Issue size: S$150,000,000
3. Interest period: 28 August 2015 (inclusive) to 28 February 2016 (exclusive)
4. Interest Calculation Basis in terms of day count: 184 days
5. Interest rate: 5.25% per annum
6. Calculation of interest: S$150,000,000 x 5.25% x 184/365
7. Total interest amount payable: S$3,969,863.01
8. Book closure date: 22 February 20161
9. Ex-Date: 18 February 2016
10. Interest payment date: 29 February 2016

(trade base on your own decision)

Sunday, February 7, 2016

SembMarine

SembMarine - 7th Feb 2016

SembMarine seems to be consolidating between the price of $1.30 to $1.60.
This counter seems more like a hit and run strategy . We may not be able to know when the actual offer will be announced by SMM . If without this possibility I think the current price may be trading below $1.30 due to current oil price hovering around $30 per barrel + over supply of oil.


It is rather difficult to trade at this moment due to the share price are being trapped in a consolidation mode.

It will be good to stay side line until we have further news about the concrete offer coming in or when the oil price is showing any sign of stabilizing or heading higher.

(trade base on your own decision)



M1

M1 - 7th Feb 2016

M1 had a super solid thrust bar with good volume of  6.2m shares changing hand couple with a good jump of price from $2.33 to close at $2.53 . A significant increased of 8.5% .
The run up is most probably could be due the sale of M1 shares by KepCorp that may have triggered this great leap of price.

So far there is no confirmation of any offer yet from any potential buyer.



In view of the current weak market sentiment, it would be good to lock in your profit first as Last Friday prices seem to be over-run and it may retrace any moment without further evidence of any concrete Buyer offers for the M1 shares being owned by KepCorp.

The immediate resistance will be at $2.60.
Breaking out of $2.60 may see it price rises further towards $2.68.

The only consolation is that both MACD & RSI are showing sign of a positive divergence that may provide further indication that the share price may continue to move up.

Be extra cautious.

(trade base on your own decision)