Best World - 16th Dec 2016
Best World seems like the bull run is losing steam. Last Thursday it has broken down the strong support at $1.30 and closed lower at $1.255. This is rather bearish.
On Friday it had again experienced further selling down and closed even lower at $1.20.
From TA point of view, looks like it may likely go down to re-visit $1.10 then $1.06. Once $1.06 is broken down expect to see further sliding down towards $1.00 then $0.92.
( trade base on your own decision)
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Saturday, December 17, 2016
Friday, December 16, 2016
Genting Sp
Genting Sp - 16th Dec 2016
Genting Sp after hitting the high of $1.04 on 8th Dec 2016 , it had since corrected sharply and went down to touch 93 cents. This is generally rather bearish.
The current price of 94.5 cents is staying below the 20SMA line which is a sign of weakness and may likely go down to test the 50 SMA line at about 85 cents.
Breaking down of 85 cents that may likely go down to test 80 cents and below.
Fyi, recent selling of shares by directors may be a tell tale sign that the current price of 94.5 to 98 cents could be deem as a favorable price to divest.
Also it will be good to take note of the high PE of about 63 times base on the estimate EPS of about 1.5 cents ( 9 months eps 0.89 cents + /- of 0.61 cents for 4th qtr) .
I think the bull run from 74 cents to a high of 1.04 which is mainly attributed to the first interim dividend of 1.5 cents + the news flow of the Japan casino that may likely boosted the share price to go up. Looks like it may be losing out of steam. Trade with extra cautious . Dyodd.
( trade base on your own decision)
Genting Sp after hitting the high of $1.04 on 8th Dec 2016 , it had since corrected sharply and went down to touch 93 cents. This is generally rather bearish.
The current price of 94.5 cents is staying below the 20SMA line which is a sign of weakness and may likely go down to test the 50 SMA line at about 85 cents.
Breaking down of 85 cents that may likely go down to test 80 cents and below.
Fyi, recent selling of shares by directors may be a tell tale sign that the current price of 94.5 to 98 cents could be deem as a favorable price to divest.
Also it will be good to take note of the high PE of about 63 times base on the estimate EPS of about 1.5 cents ( 9 months eps 0.89 cents + /- of 0.61 cents for 4th qtr) .
I think the bull run from 74 cents to a high of 1.04 which is mainly attributed to the first interim dividend of 1.5 cents + the news flow of the Japan casino that may likely boosted the share price to go up. Looks like it may be losing out of steam. Trade with extra cautious . Dyodd.
( trade base on your own decision)
Sembcorp Ind
Sembcorp Ind - 16th Dec 2016
Sembcorp Ind after hitting the high of 3.02 on 12th Dec 2016 it has since corrected/ retreated to touch 2.90 on 16th Dec 2016. From TA point of view it is still rather bullish. We may notice that from the past few days the no. of share changing hands volume were rather low. I think This is a good sign that the selling could be due to minority shareholder selling or taking profit.
With oil price heading higher and closed well at $52.03 ( Up 1.96%) on sign of producers will comply with output cut ( http://www.cnbc.com/2016/12/15/oil-prices-edge-up-as-kuwait-cuts-supplies-by-more-than-expected.html) .
This is generally positive for Oil & Gas related counter like Sembcorp Ind,
Short term wise , I think it may likely move up to test $2.99 then $3.02. Breaking out of $3.02 with good volume that may propel to drive the share price higher towards $3.08 then $3.13 with extension to $3.20.
Another positive note to take note is that higher oil price may also boost their revenue for waste to energy business.
NAV of $3.58. May be Final dividend of 6 cents for the coming 4th quarter result announcement.
P/B of 0.81x of which I think is still quite a good price.
( trade base on your own decision)
Sembcorp Ind after hitting the high of 3.02 on 12th Dec 2016 it has since corrected/ retreated to touch 2.90 on 16th Dec 2016. From TA point of view it is still rather bullish. We may notice that from the past few days the no. of share changing hands volume were rather low. I think This is a good sign that the selling could be due to minority shareholder selling or taking profit.
With oil price heading higher and closed well at $52.03 ( Up 1.96%) on sign of producers will comply with output cut ( http://www.cnbc.com/2016/12/15/oil-prices-edge-up-as-kuwait-cuts-supplies-by-more-than-expected.html) .
This is generally positive for Oil & Gas related counter like Sembcorp Ind,
Short term wise , I think it may likely move up to test $2.99 then $3.02. Breaking out of $3.02 with good volume that may propel to drive the share price higher towards $3.08 then $3.13 with extension to $3.20.
Another positive note to take note is that higher oil price may also boost their revenue for waste to energy business.
NAV of $3.58. May be Final dividend of 6 cents for the coming 4th quarter result announcement.
P/B of 0.81x of which I think is still quite a good price.
( trade base on your own decision)
Hyflux
Hyflux - 16th Dec 2016
Hyflux has a very nice thrust bar for the past two days. The white thrust bar is accompanied with high volume which is rather positive/bullish.
From TA point of view it is a strong reversal rebound.Looks like it may likely continue to head higher.
Both Macd and Rsi are rising which may provide further indication for the share price to head higher.
Short term wise, I think it will likely conquer 54.5 cents and head higher towards 60 then 65.5 cents.
Hope you all huat !
today news - quote :
http://www.todayonline.com/singapore/singapore-malaysia-boost-fresh-water-yield-johor-river
(Trade base on your own decision)
Hyflux has a very nice thrust bar for the past two days. The white thrust bar is accompanied with high volume which is rather positive/bullish.
From TA point of view it is a strong reversal rebound.Looks like it may likely continue to head higher.
Both Macd and Rsi are rising which may provide further indication for the share price to head higher.
Short term wise, I think it will likely conquer 54.5 cents and head higher towards 60 then 65.5 cents.
Hope you all huat !
today news - quote :
http://www.todayonline.com/singapore/singapore-malaysia-boost-fresh-water-yield-johor-river
(Trade base on your own decision)
Saturday, December 10, 2016
SembCorp Ind
SembCorp Ind - 9th Dec 2016
SembCorp Ind looks rather positive from TA point of view.
Last Friday it had manged to cross above the formation of a Bull Flag pattern and closed well at $2.91.
Both Macd & Rsi are still rising and may likely see further upwards movement.
Short term wise, I think it may move up to test $2.95. Breaking out of $2.95 with high volume that may likely drive the share price higher towards 3.00 then 3.08.
( trade base on your own decision)
SembCorp Ind looks rather positive from TA point of view.
Last Friday it had manged to cross above the formation of a Bull Flag pattern and closed well at $2.91.
Both Macd & Rsi are still rising and may likely see further upwards movement.
Short term wise, I think it may move up to test $2.95. Breaking out of $2.95 with high volume that may likely drive the share price higher towards 3.00 then 3.08.
( trade base on your own decision)
Wednesday, December 7, 2016
Genting & Ocbc
Genting & Ocbc - 7th Dec 2016
1. Genting Sp - has a very nice breaking out of the $1.00 mark with good volume this is rather impressive breakthrough.
With both Macd & Rsi still rising, short term wise , I think it may likely move up to test 1.065 then 1.115.
( trade base on your own decision)
2. Ocbc - has a nice breaking out of 9.19 and closed higher at 9.30 on 7th Dec.
This is rather positive.
Short term wise, I think it may head higher to test 9.40 then 9.50.
( trade base on your own decision)
1. Genting Sp - has a very nice breaking out of the $1.00 mark with good volume this is rather impressive breakthrough.
With both Macd & Rsi still rising, short term wise , I think it may likely move up to test 1.065 then 1.115.
( trade base on your own decision)
2. Ocbc - has a nice breaking out of 9.19 and closed higher at 9.30 on 7th Dec.
This is rather positive.
Short term wise, I think it may head higher to test 9.40 then 9.50.
( trade base on your own decision)
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