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Saturday, August 27, 2016

Metro

Metro - 27th Aug 2016

Metro after hitting the high of $1.11 on 25th May 2016 it had since drifted lower to touch 89.5 cents on 26th Aug 2016. This is rather bearish.

After it had gone ex.CD on 4th Aug 2016 for 7 cents dividend it has continued to trend lower.
Both MACD & RSI has been driven into oversold territories.



The current price of 89.5 cents is approaching the next support level at 87.5 cents.

Short term wise, I think it may likely bounce off and move up towards 90 cents then 93/96 cents.

I think good value is surfacing for a profitable company with Zero/no debts, Cash on hands of $479m, Net cash per share is about 57.5 cents (479m/828m shares), NAV $1.65, p/b of 0.54x,dividend of 5-7 cents per annum, eps about 8 cents(for conservative figure), PE is about 11x.

(trade base on your own decision)


some of their portfolio overview:


http://infopub.sgx.com/FileOpen/MHLFY2016ResultsPresentation.ashx?App=Announcement&FileID=406586

Retail Operations:


Thursday, August 25, 2016

ThaiBev

ThaiBev - 25th Aug 2016

ThaiBev after hitting the high of 1.06 on 2nd August 2016 it has since retreated and went down to touch 99 cents on 25th August 2016. This is quite bearish.



The current price of 99 cents is hovering below the 20SMA lines and looks like it may head lower to re-test 97 cents ( 50SMA) level.

Macd is also pointing downwards which may likely provide further indication that the share price may continue to trend lower.

Short term wise, I think it will head lower to re-visit 97 cents. Breaking down of 97 cents may see further selling down pressure and head lower towards 90 cents then 83 cents with extension to 80 cents.
( trade base on your own decision)

Monday, August 22, 2016

China Aviation

China Aviation - 23rd Aug 2016

China Aviation after touching the high of 1.57 it had since trend lower to touch 1.35 today.This is rather bearish.



A bearish triple top pattern + broken down the support at 1.405 of which I think is the confirmation sign of a uptrend reversal.

Three black crows signify the end of the uptrend mode.
Short term wise, I think it may go down towards 1.20 then 1.10.
(Trade base on your own decision)

China Aviation

China Aviation - 23rd Aug 2016

China Aviation after touching the high of 1.57 it had since trend lower to touch 1.35 today.This is rather bearish.

A bearish triple top pattern + broken down the support at 1.405 of which I think is the confirmation sign of a uptrend reversal.

Three black crows signify the end of the uptrend mode.
Short term wise, I think it may go down towards 1.20 then 1.10.
(Trade base on your own decision)

Saturday, August 20, 2016

Yanlord Land

Yanlord Land - 20th Aug 2016

Yanlord Land after touching the low of 1.09 on 27th June 2016 it has since managed to stage a strong recovery and head higher to touch 1.295 on 16th Aug 2016. This is generally quite bullish.



The current price of 1.29 is staying above the SMA lines which is generally quite positive.

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

Short term wise , I think it may likely cross over 1.295 swiftly and head higher towards 1.335 which was the immediate resistance being attained on 24th Mar 2016.
Breaking out of 1.335 with good volume that may propel to drive the share price higher towards 1.40 then 1.50 with extension to 1.55.
(trade base on your own decision)

Tuesday, August 16, 2016

SembCorp Ind

SembCorp Ind - 16th August 2016

SembCorp Ind after touching the low of 2.66 on 5th August 2016 it had since managed to trend higher to touch 2.77 on 12th August 2016. This is generally quite positive.



The share price has just went ex.dividend and closed lower at 2.71. This is quite normal for the share price to retreat a little, so long it does not go much lower than the dividend declared.

One consolation point to take note is that the volume is not high and Macd is showing sign of a positive divergence which may likely provide further indication that the share price may continue to trend higher.

Short term wise I think good value is surfacing again for P/B of 0.76, dividend of 3.6%, PE of less than 10. Looks like it may move up to re-visit 2.77 , breaking out of 2.77 with good volume that may propel to drive the share price higher towards 2.85 then 2.94.

(trade base on your own decision)