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Tuesday, June 16, 2020

DBS

Chart wise, doesn't look rosy!
Looks rather weak and may likely succumb to selling down pressure!





Today closing is like a deadcat bounced and may likely frizzle off!

Short term wise , I think if it continues to go lower after this temporary rebound we may likely see the price slid further down towards $21 then $20.


Final Dividend has been cut from 10.7 cents to 5.45 cents.


Not a call to buy or sell.
Pls dyodd.

Saturday, June 13, 2020

SingTel

Chart wise,looks a bit shaky!
Hopefully, it can rise higher to cover the Gap at $2.56 and rises above $2.60 level to resume the uptrend mode!


I think the final dividend may rise again given the facts that the dividend was cut due to provision for overseas venture tax and conserving cash due to market situation.


I would think the final dividend may raise back to 6.8 - 7.2 cents that may give us an estimated yearly dividend of 14 cents.

Short term wise, I think likely price may rise to cover the Gap and rises higher to retest $2.60 then $2.66 with extension to $2.80 level.


Not a call to buy or sell.
Pls dyodd.

Valuetronics

Chart wise, looks bearish!
Like to continue to trend lower!


Short term wise, I think it may go down to retest 50 cents then 43.5 .


Not a call to buy or sell.
Pls dyodd.

Friday, June 12, 2020

SBS,Transit

Chart wise, looks bullish!
Likely to continue to trend higher!

Solid defensive counter,most of us need to take public transport..


Short term wise, I think it may continue to rise higher after retreating from the recent high of $3.38.. Likely to rise higher to retest  $3.38 again!


A nice breakout plus high volume that may likely drive the price higher towards $3.60 then $3.82.


Not a call to buy or sell.
Pls dyodd.

Wednesday, June 10, 2020

SGX

Looks like we may see a rebound after this break and see it rises higher to retest $9.00 !

Pls dyodd.



Price has been seeing a free falling from $9.90 to $8.75 then followed by another low at $8.13.



The selling is triggered by this adjustment due to the ending of msci license in early 2021 and I expect the price to rebound for this exceptional move.


Dividend of 30 cents.
Yield of 3.6%
EPS 36.6 cents
PE is about 22.6x base on current price of $8.28.



Short term wise, is crucial to monitor the pivot low of $7.97.
Breaking down plus high volume that may likely go further down to revisit $7.40 then $7.00 & $6.98.


Not a call to buy or sell.
Pls dyodd.


Monday, June 8, 2020

DBS

TA wise, looks bullish! The Gap has been filled plus closed well at $23.09 looks positive!


 Short term wise, likely to move up to test $23.90 then $24.50.


 Not a call to buy or sell. Pls dyodd.