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Tuesday, July 9, 2019

Genting

Genting is still on track to rise higher!



Need a nice push to cross over 93 then 94 smoothly plus good volume that may drive the price higher towards 96 then $1.02.

Not a call to buy or sell.

Pls dyodd.



29th June 2019
TA wise, looks bullish!
It has managed to bounce-off from the low of 85.5 cents and rises higher to touch 93.5 , looks rather positive!


The current price is staying above its SMA lines plus MACD is still rising up nicely, likely to continue to trend higher!

Short term wise, I think likely to retest 93.5 cents. Crossing over with ease plus good volume that may propel to drive the price higher towards 1.00 then 1.05 with extension to 1.08.

Not a call to buy or sell.


Pls dyodd.

Synagie

Wow! Come back again! Today it has a beautiful white soldier! Close well at 16.9 cents coupled with high volume this is rather Bullish!


Short term wise,I think it may like retest 18 cents then 18.4 cents with extension to 20.5 cents !

Pls dyodd.

23rd June 2019

Chart wise, looks bullish!
Double bottoming !
It has managed to bounce-off from the low of 6 cents and rises higher to hit 15.3 cents, looks positive!


My Trading plan:
EP 15.3 cents.
TP 17 to 20 cents.
SL 14 cents.

Short term wise, I think it may likely continue to trend higher!
Do take note that this is a Penny stocks counter and is always good to exercise with due care!

Not a call to buy or sell.


Pls dyodd.

Monday, July 8, 2019

HRnetGroup

Bull and Bear is still fighting at the current price level of 69.5 cents.


A nice breaking out of 72 cents plus good volume that may drive the price higher towards 75 and above.

Dividend of 2.8 cents.
Yield of 4% looks pretty decent!
PE of less than 14x.
Zero debts. Net cash position.

30th June 2019

Chart wise, looks pretty healthy as it has managed to bounce-off from the low of 67 cents and rises higher to touch 72 cents, looks rather positive!


Short term wise, I think it may likely re-attempt 72 cents. Breaking out with ease plus good volume that may drive the price higher towards 75 then 78 - 80 cents.

Not a call to buy or sell.


Pls dyodd.

Sunday, July 7, 2019

Ascendas Reit

Ascendas reit is giving an average dpu of 0.15766 for the past five years .
Yield is about 4.95%.
NAV is 2.13
P/B is 1.50.



I think the fair value is about 2.72 - 2.86.

Browsing through their Cash flow statements for past 5 years, They are paying out more than their FCF. Which means they are having negative FCF most of the time. I think is good to be cautious!

As at 31 March 2019, aggregate leverage stood at 36.3% (31 December 2018: 36.7%, 31 March 2018: 34.4%). Weighted average all-in cost of borrowing was maintained at 3.0%. About 83.0% of Ascendas Reit’s borrowings are on fixed rates for an average term of 3.6 years. The debt maturity profile remains well-spread. The weighted average tenure of debt outstanding was further extended to 4.0 years. A high level of natural hedge in Australia (75.5%) and the United Kingdom (100%) is maintained to minimise the effects of adverse exchange rate fluctuations. Ascendas Reit continues enjoy the A3 credit rating by Moody’s.




TA wise, It has retested the all time high of 3.18, looks like we may see a retracement happening soon!

Short term wise, I think it may likely go down to revisit 2.88 then 2.80 with extension to 2.56 level.

Not a call to buy or sell.

Pls dyodd.



Friday, July 5, 2019

Sembcorp Ind

The trend is still valid since my posts on 27th June 2019.
It is still staying within the support and resistance level and may rise higher to retest 2.50 and then 2.55 level.


The selling down from 2.49 to hit the low of 2.40 was due to market reaction towards the old news of it subsidiary - Sembcorp Marine lately resurfaced from the media.

I think the selling down is overly done as the investigation may take months or even years to make a closure of this saga.

Not a call to buy or sell.
Pls dyodd.


27th June 2019
Chart wise, seems to have bounced off from the lower trend line of 2.39 and rises higher to touch 2.44, looks Bullish!


 Short term wise, I think it may move up to retest 2.50 then 2.53.

Not a call to buy or sell.


Pls dyodd.

Dow Zone index - DJI

The Dow Zone Index is trading at the peak level after retesting the high of 26952 , it has now retraced a bit to close at 26922 .
It is good to be cautious as the index is hovering at the Peak level!


Looking at the chart for reference, we noticed that it takes about 6 months from 23344 2nd April 2018 to reach the high of 26952 on 3rd Oct 2018 and gone down to touch 21792 on 24th Dec 2018 within the span of 2 months plus.

The same scenario may repeat as it is rising up for more than 6 months period after hitting the high of 26966 on 3rd July 2019. It may go down to revisit 23000 then 22000 level.


Currently, my portfolio allocation is as follows:

SSB & Corporate Bonds - 50%
Cash                                 - 31%
Equity                              - 19%

I would be staying sideline at this moment till we see some clarity from the market direction for the next 2 weeks.

I think half year reporting for the US market may not be good as the business is mostly affected by the trade sage that has been going on for quite sometimes.

Not a call to buy or sell.

Pls dyodd.