Sembcorp Ind

TA wise, Looks rather bearish!

After hitting the high of $3.11 on 3rd October 2018, it had since retreated sharply and continue to go down to touch $2.71 on 26th October 2018, this is rather negative.

It is now having a short rebound and may likely weaker again and move down to revisit $2.78 then $2.71 with extension to $2.60 level.

Not a call to buy or sell.

Pls dyodd.


Sembcorp Industries Ltd engages in the utilities, marine, and urban development businesses. The company’s Utilities segment provides energy, water, on-site logistics, and solid waste management services to industrial, commercial, and municipal customers. Its activities in the energy sector include power generation and process steam production, as well as natural gas importation and retail; and water sector comprise wastewater treatment, and production and supply of reclaimed, desalinated, and potable water, as well as water for industrial use. This segment has approximately 11,000 megawatts of gross power capacity; and manages facilities that provide approximately 9 million cubic meters per day of water. Its onsite logistics and services include service corridor, chemical storage, and terminalling facilities, as well as hazardous waste incineration and industrial gases supply services; and solid waste management services, such as municipal, industrial and commercial, construction and demolition, and bio-hazardous waste collection services, as well as post-collection treatment and waste-to-resource services. The company’s Marine segment provides integrated solutions for the marine and offshore industry, such as rigs and floaters, repairs and upgrades, and offshore platforms and specialized shipbuilding. Its Urban Development segment owns, develops, markets, and manages integrated urban developments comprising industrial parks, as well as business, commercial, and residential spaces. The company’s Others/Corporate segment includes businesses relating to minting, design, and construction activities; and offshore engineering and others. It operates in Singapore, China, India, rest of Asia, the Middle East, Africa, Europe, Brazil, the United States, and internationally. The company was formerly known as Minaret Limited and changed its name to Sembcorp Industries Ltd in July 1998. The company was incorporated in 1998 and is headquartered in Singapore.

OCBC Bank

3rd quarter 2018 net profit grew 12% to $1.25b. Return of equity higher at 12.6%.

9M18 Group Performance, Net profit increased 18% YOY to $3.57b.

A beautiful set of result!
Not sure how will market reacts to the latest result.


One word! Nice and beautiful follow-through moment as reflected on the chart today with a second white soldiers.

Yesterday, we have witnessed the Bullish Engulfing candlestick pattern that is more or less signalling the end of the downtrend reversal indication.

Today market has provided us with the answer and close well at $10.74 , Up 26 cents with convincingly High volume. This is rather bullish!

Short term wise, I think it may likely continue to head higher to re-visit $11.00 then $11.23 level.

Not a call to buy or sell.

Pls dyodd.

Do you happen to notice the same patterns has been repeating itself.
Is good to be extra cautious!

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services. This segment also offers investment advice and portfolio management, estate and trust planning, and wealth structuring services for high net worth individuals. Its Global Corporate/Investment Banking segment provides project financing, overdrafts, trade financing, and deposit accounts; fee-based services, such as cash management and custodian services; and investment banking services, including financing solutions, syndicated loans and advisory services, corporate finance services for initial public offerings, secondary fund-raising, and takeovers and mergers, as well as customized and structured equity-linked financing services. It serves corporates, public sector, and small and medium enterprises. The company's Global Treasury and Markets segment is involved in the foreign exchange activities, money market operations, and fixed income and derivatives trading, as well as provision of structured treasury products and financial solutions. Its OCBC Wing Hang segment offers commercial banking, consumer financing, share brokerage, and insurance services. The company’s Insurance segment provides fund management services, and life and general insurance products. Its Others segment is involved in property and investment holding activities. As of May 7, 2018, the company operated a network of 590 branches and representative offices in 18 countries and regions. Oversea-Chinese Banking Corporation Limited was founded in 1912 and is headquartered in Singapore.

Raffles Medical

• 3rd quarter result .

The Group’s revenue grew 1.2% from S$119.6 million in Q3 2017 to S$121.0 million in Q3 2018. Healthcare Services division recorded a revenue increase of 8.0% while the revenue of Hospital Services division decreased by 3.8%. The increase in revenue from Healthcare Services division was contributed by the addition of new corporate clients and the new contract to provide Air Borders screening services.

The decrease in revenue from the Hospital Services division in Q3 2018 was due in part to the refurbishment of the current inpatient facilities.

 The Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 8.5% from S$22.1 million in Q3 2017 to S$23.9 million for Q3 2018. The net profit after tax attributable to owners of the Company increased marginally to S$16.4 million in Q3 2018. The continued strong operating cashflows generated from the Group’s business operations contributed to a healthy cash position of S$102.6 million. 

This was after accounting for the distribution of interim dividend of S$9.0 million and payment of S$24.8 million for investment properties under development.

Sembcorp Marine

Looks rather bearish with a wide bearish bar. Broken down the previous low of $1.63. Coupled with high volume, looks like fund has exited ..

 Short term wise, I think likely to retest 1.55 then 1.50 with extension to $1.30 level.

 NAV of $1.12, Total debts/equity is 172%.

 Not a call to buy or sell.

 Pls dyodd.


 Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs. It also engages in the repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of vessels, marine and offshore structures, LNG and LPG gas carriers, cruise ships, ferries, mega-yachts, floating production vessels, MODUs, tankers, containers, and cargo ships, as well as offers jumboization and dejumboization solutions. In addition, the company offers afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, steel and pipe work, electrical and instrumentation repair, mechanical and motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, specialists service and navigation, automation, safety, and fire protection services. Further, it offers offshore platform solutions, such as integrated process; production, riser, and drilling; wellhead, power generation, manifold, and accommodation platforms; and wind-farm substations, as well as topside modules fabrication, installation, and integration. Additionally, it designs and builds sophisticated, specialized, gas value chain, ferry, RoPax, cruise, renewable energy and offshore support, naval support and security, and research and scientific survey vessels. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

DBS - Please Mind The GAP

From TA point of view, it is rather Bearish!
We can observe so many Gap down from $30 to $24 region.With each Gap down, it further weaken the downward pressure.

Currently, it is trading at $23.10, NAV of $17.78, Price per book value is 1.3x which is still trading at premium level as ideally, we would prefer price to trade slightly above the NAV value of $17.78 level.


Dividend of $1.20 which might be the reason why price has started to rise from $25 region to a high of $30. It seems like it is running out of momentum and is on the downwards spiral movement.

From TA wise, is it a good time to go Long? The answer is NO.
If it can't hold up well above $23, it may likely go down to test $22.40 then $21 with extension to $20.23 level.


Not a call to buy or sell.

Please do your own due diligence.

Trade/invest base on your own decision.



DBS Group Holdings Ltd, an investment holding company, provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers. The Institutional Banking segment provides financial services and products for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. Its products and services comprise short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. The Treasury Markets segment is involved in structuring, market-making, and trading in a range of treasury products. The Others segment offers stock broking and Islamic banking services. The company operates approximately 280 branches across 17 markets. DBS Group Holdings Ltd was founded in 1968 and is headquartered in Singapore.

Hi-P

The price kept falling from $1.41 to a low of 75 cents today before Bull come in to take control of this situation and close 2.5 cents higher at 81 cents. Coupled with high volume, this is rather bullish!

Short term wise, likely to move up to retest 86 cents then 90 cents with extension to 93 cents.


Not a call to buy or sell.

Pls dyodd.


Hi-P International Limited operates as an integrated contract manufacturer serving the telecommunications, consumer electronics, computing and peripherals, lifestyle, and medical and industrial devices industries. The company operates through three segments: Precision Plastic Injection Molding; Mold Design and Fabrication; and Provision of Sub-Product Assembly and Full-Product Assembly Services. It manufactures and sells molds and special tools, related housing appliance plastic components and equipment, and water treatment equipment; plastic components and plastic product modules; mold base and components; electric components and electronic communication equipment; in-mold decoration lenses; precision stamped metal components and precision tools; and metal and non-metal stampings, as well as provides spray painting, engineering support, maintenance, and technology consultation services. In addition, the company engages in the manufacture, wholesale, import and export, and sale of electronic telecommunication devices, housing appliances, automated equipment, and related components. Further, it manufactures and sells trays, mobile phones, telecommunication products, digital cameras and related electronic products, and electric toothbrushes; assembles coffee machines and parts, as well as provides related maintenance and after-sales services; and offers investment and management consulting services. Additionally, the company engages in the assembly and provision of ancillary value-added services, primarily surface finishing services. It has operations primarily in the People's Republic of China, Singapore, Malaysia, Thailand, Europe, the United States, the rest of Americas, and internationally. The company was founded in 1980 and is headquartered in Singapore.