Noble Rights & Mother share

Noble R - 5th July 2016

Noble R today first day of trading is rather impressive with a beautiful white thrust bar presented on the chart and closed well at 10.5 cents .
This is rather bullish . Couple with high volume of 626m Rights changing hand. This is generally quite positive.

In my opinion,this momentum is likely to continue to see it play out for the next two or more trading days as the strong demand is capable of driving the price higher.

Those having Noble share being purchased using Cash will be able to transact the trading of Rights on the SGX market and pocketed the gains from selling these rights.
If they would like to take up the Rights then they may accept the Rights offer via ATM or internet banking( is better to check with your broker if you are having doubts).

As for those Noble share being purchased using SRS account i think they can also do the similar exercise but must indicated selling under SRS.
For those that would like to take up the Rights offer then just have to wait for the letter to come and then just Sign and send back the letter or fax it back to their respective Bank that they have opened this SRS account.

Lastly, for those using CPF I think similarly they can also transact the selling of the Rights on the SGX market but must indicate selling under CPF. Please check with your respective Bank where you had opened this CPF investment account if you are not sure about this procedure.


Noble Mother share - 5th July 2016

Noble after hitting the low of  0.155 on 27th June 2016 it had since staged a strong recovery and head higher to touch 0.205 on 5th July 2016. This is rather bullish.
Couple with high volume this is generally rather healthy/positive.

The current price is also hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are trending higher which may likely provide further indication that the share price may continue to trend higher.

In my opinion, breaking out of 21.5 cents with good volume  (which is also the current resistance) with ease that may propel to drive the share price higher towards 26 cents with extension to 30 cents.
( trade base on your own decision)

Cosco

Cosco 4th July 2016

Cosco had a nice white thrist bar appeared on the chart today and closed well at 32 cents couple with good volume this is generally quite positive.

A reversal signal seems to have formed today and in my opinion it may likely follow through to move up to test 33 cents.

With both Macd & Rsi is showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Breaking out of 33 cents with good volume that may drive the share price higher towards 35.5 cents then 39 cents with extension to 40.5 cents.
(Trade base on your own decision)





COSCO - 14th Mar 2016

COSCO after hitting the low of 28.5 cents on 16th Feb 2016 had 2016 to edge up higher to touch 40.5 cents on 10th Mar 2016. This is rather impressive/bullish despite negative FY2015 result.

The current price is hovering way above the SMA lines which is generally rather positive.

Also both Macd & Rsi are still trending upwards that may provide further catalyst that the share price may continue to head higher.

Breaking out of 40.5 cents with good volume that may propel to drive the share price higher towards 47 cents with extension to 53.5 cents.
(trade base on your own decision)

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Jumbo

Jumbo - 3rd July 2016

Jumbo after hitting the high of 62 cents on 8th June 2016 it has since retraced and went down to touch 55 cents on 24th June 2016 .A good break/pause after the impressive runned-up and is now gaining strength which was witnessed by the long thrust bar that was happening on 1st July 2016 and closed well at 61 cents. This is generally quite bullish.

Both Macd & Rsi are still rising and may provide further indication that the share price may continue to trend higher.

Short term wise look for a breakout at 62 cents + good volume that may propel to drive the share price higher towards 65 then 70 cents with extension to 80 cents.
(Trade base on your own decision)

HYFLUX

HYFLUX - update 2nd July 2016

Hyflux one of the will known player for clean water business and also venturing into waste energy business is generally positive and may likely contribute to the rise in boosting company revenue and also profit level.

With oil price moving up the channel and market analyst predicting oil price may hit 60 mark level in end 2016, this may likely benefit Hyflux .

The current price is hovering above the SMA lines which is generally quite positive.

Looks like it may move up to re-test 62.5 cents.Judging from the low volume being transacted for the past few days. Breaking out of 62.5 cents with good volume that may drive the share price higher toward 66 cents then 70 cents and above.

(trade base on your own decision)



Hyflux - 20th June 2016

Hyflux after hitting the low of 47 cents on 12 Feb 2016 it has since managed to stage a recovery and risen up to touch 66 cents on 10th Mar 2016. This is rather bullish.

It has been trading in a neutral mode within the price range of 58.5 cents to 65.5 cents for the next 7 weeks and finally broken down to touch 53.5 cents on 24th May which is also resting on the Fibonacci 38.2% support level .

After touching the low of 53.5 cents it had since managed to rebound and rises up to touch 62 cents on 15th June 2016. This is generally quite positive.

On 16 & 17 June we have witnessed the Fibonacci retracing from 78.6% to 61.8% to close at 58.5 cents. Today it has managed to bounce off from Fibonacci 61.8% which is a very important support and significant move and rises high to close well at 61 cents. This is rather bullish.

Both Macd & Rsi are still rising and this may provide further indication that the share price may continue to trend higher.

The current price is staying above the SMA lines which is generally rather healthy/positive and may likely stage a strong rebound to cross over the immediate resistance at 62 cents (Fibonacci 78.6%) and rises higher towards 66 cents and above.

(trade base on your own decision)

Global Logistic

Global Logistic - 2nd July 2016

Global Logistic after hitting the low of 1.73 which is quite close to previous low/support level at 1.715 had managed to stage a rebound and move up to touch 1.815 on 30th June 2016. This is generally quite positive.

The current price is hovering about or slightly above the SMA lines which is quite healthy/positive.
Looks like it may move up to test 1.83 soon.

with both Macd & Rsi are showing sign of a positive divergence this may likely provide further indication that the share price may continue to trend higher.

Crossing over of 1.83 with good volume that may propel to drive the share price higher towards 1.90 then 1.93 with extension to 2.00 and above.

With recent spat of company buying back share and the Final dividend of 6 cents may likely support the price ...

(trade base on your own decision)

Golden Agri

Golden Agri - 29th June 2016

Golden Agri-Resources delivers strong results in the first quarter of 2016 despite lower CPO prices and plantation output .

Plantation business impacted by the severe El Niño weather condition in 2015 and softer average CPO market prices • Integrated business model delivers resilient results as palm and lauric segment posts substantial growth of EBITDA1 Singapore, 13 May 2016 – For the first quarter of 2016, Golden Agri-Resources Ltd and its subsidiaries (“GAR” or the “Company”) recorded revenue of almost US$1.5 billion. GAR reached stronger EBITDA1 and core net profit2 at US$142 million and US$40 million respectively. The palm and lauric business mainly contributed to the increase, which was partly offset by lower results from the plantation and palm oil mills business.

 The performance of our plantation business was in line with the industry’s declining palm product output and softer average crude palm oil (“CPO”) market prices. EBITDA1 reached US$76 million in the first three months of 2016, 24 percent lower than that achieved in the same period last year. Pg 2 of 3 The palm and lauric business continued its improvement since last year as the integration of downstream assets progresses. The performance was further enhanced by CPO market price uptrend over the quarter. As a result, first quarter 2016 EBITDA1 almost tripled over the previous year to US$62 million, while the EBITDA1 margin increased to 4.9 percent from 1.6 percent last year. Our oilseeds and others segments maintained their positive contribution with total EBITDA1 growing to US$4.7 million in the first quarter of 2016 from US$4.3 million in the same period last year. The oilseeds business environment in China remained favourable. Starting this year we have adopted the new accounting standards for our plantation assets, which impacted our financial statements. However GAR’s financial position remains sound with adjusted net gearing ratio5 of 0.49 times and total consolidated assets of US$8.0 billion as at 31 March 2016.

NAV of US$0.30 .
EPS about 1.3 cents
dividend of about 0.65 cent

Golden Agri after hitting the high of 44 cents on 23rd Mar 2016 it had since drifted lower to touch 32.5 cents on 28th June 2016. This is rather bearish.

The current price of 33.5 cents is trading near the support level at 33 cents.

Looks like we may see a technical rebound soon as the current price has been driven into oversold territories. Macd is also pointing to an oversold situation.

Short term wise looks like it may move up to test 38 cents. Crossing over of 38 cents with good volume that may 39.5 cents then 41.5 cents.

(trade base on your own decision)