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Monday, November 2, 2020

OcbcBank

 Chart wise , rather bearish!

Likely to see further weakness!




Shqort term wise, I think if she is able to bounce off from the support at 8.40 & rises higher from here then it may help to stabilize and support the price from falling further!

If not, breaking down of 8.36/8.40 would likely see the price trending lower towards 8.00!

Not a call to buy or sell.

Pls dyodd.


Sunday, November 1, 2020

STI

 Chart wise, super bearish! 

Free falling as can be seen from the chart. The candlestick keep gaping down ! 




Sqhort term wise, I think likely to retest 2400 level.

Breaking down of 2400 plus high volume that may likely drive the index lower towards 2300 then 2233 level.


Not a call to buy or sell.

Pls dyodd.


Friday, October 30, 2020

Ascendas Reit

 Chart wise, looks bearish!

Likely to see further selling down pressure!

I think IS good to wait for the price to stabilize first before taking further actions!




Short term wise, I think likely to go down to retest 2.73 level. Breaking down of this level plus high volume that may likely drive the price lower towards $2.53 then $2.40 with extension to $2.22.


Not a call to buy or sell.

Pls dyodd.


FCT

 Chart wise, looks rather bearish!

Likely to continue to trend lower!




Short term wise, I think likely to go down to retest $1.92.

Breaking down of $1.94 plus high volume that may likely drive the price lower towards $1.80 then $1.70 with extension to $1.58.


Not a call to buy or sell.

Pls dyodd.


Thursday, October 29, 2020

MNACT

 First half result is out! DPU of 2.876 cents is lowered than last year!

Occupancy rates is still quite impressive at 96%.

Insurance claims is non distribution income!




DPU of 2.876 cents I think is not bad which is yielding a yield of 6.3% base on closing price of 88.5.


Not a call to buy or sell.

Pls dyodd.

 Chart wise, looks bearish!

Likely to see further weakness!



The recent acquisition for Korea property seem to have short-lived, price started to turn weaker.


NAV $1.40.P/B 0.656 seems rather undervalued!

Result is due on 29th Oct 2020 looking forward for the coming dividend announcement!



Not a call to buy or sell.

Pls dyodd.


Tuesday, October 27, 2020

CMT or CICT

 Chart wise, looks bearish!

Likely to continue to trend lower!



Short term wise, I think she may likely move down to retest the recent low of $1.80. Hopefully,it can bounce off from here and rises higher! If not, it may continue to see further weakness!

Not a call to buy or sell.
Pls dyodd.