Saturday, September 5, 2015

COMPANY OVERVIEW: Halcyon Agri Corporation Limited

  • Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products worldwide.
  • The company operates through Plantation, Processing, and Distribution segments. It produces technically specified rubber and compound rubber; and constant viscosity rubber products in Indonesia and Malaysia, as well as owns, develops, and manages rubber estate land in Kelantan, Malaysia.
  • The company offers its natural rubber primarily under the HeveaPRO brand; and procures other origins and grades of rubber from third party producers worldwide.
  • It distributes its products to an international customer base through a network of warehouses and sales offices in South East Asia, China, the United States, and Europe.
  • The company serves tire producers. Halcyon Agri Corporation Limited was founded in 1934 and is headquartered in Singapore.
Price/Book value 2.40
5-Year Beta 1.02
Total Market Cap S$ 240 MM

  • Revenue & Gross profit are continuously increasing over the last 3 years.
  • Total assets is continuously increasing over the last 3 years.

31Dec 13
31Dec 14
LTM Ending
30 Jun 15
Revenue 204.97 479.247 907.964
Gross Profit 204.97 479.247 907.964
Operating Income 11.718 4.129 -10.453
Net Income 9.093 -9.429 -5.935
Total Assets 107.851 640.987 683.541
Total Liabilities 27.579 480.456 537.889

Daily Chart
SGX Symbol 5VJ Currency SGD
Last Done 0.580 Volume(‘000) 1099. M
Day’s Range 0.565 - 0.590 52 Weeks’ Range 0.425 - 0.86
Weekly Chart
S1 S2 R1 R2
0.560 0.510 0.610 0.660
Daily Chart: RSI is above the center line indicating bullishness and is at 59.831 and CCI is above the signal line at 117.033. MACD is at -0.004 above its signal line i.e, -0.019.
Weekly Chart: RSI is near the center line indicating bullishness in near future and is at 45.322and CCI is below the signal line at -75.535.
Halcyon Agri is technically very sound. RSI is indicating bullish trend in near future. Bulluish trend is also supported by MACD and CCI, as CCI price line is above signal line and faster MACD is above slower MACD. It is expected to continue its bullish trend.. If it breaks the resistance of 0.610, it is expected to rise up till 0.660 in short perioed.
Overall Trend: It is following uptrend in both weekly and daily chart.
Short term View: BULLISH with support @0.560 TARGET 0.660
Long term View: BULLISH with support @0.510 TARGET 0.700
If traded on proper support and resistance for a day or so we can take out good profit in the contra holding also.

STI Weekly Technical Analysis & Market Forecast for Week Ahead

Weekly wrap of STI: Straits Times Index (STI) opened at 2987.18 i.e., 31.24 or 1.05 % lowerand ended 92.13 points or 3.11% lower to 2863.81 this week. STI came off from its weekly peak of 28987.18 and low of 2860.00.
Singapore shares eased by one per cent on Friday, with STI down 29.17 points to 2,877.26 on early profit-taking and closed at 2863.81. Singapore market posted losses at midday. Market breadth remained negative. STI came off from its daily peak of 2893.12 and low of 2893.12. 
CHANGE (In Points)
 Companies in Singapore are positive about their six-month business and trade outlook, with client acquisition and international expansion being key drivers of growth. Despite their long term focus on international opportunities, Singapore companies are currently more bullish on achieving growth domestically.
Singapore's Purchasing Managers' Index (PMI) slipped further into contraction mode in August, dipping 0.4 point to 49.3, though the drop was not unexpected. Private-sector economists had earlier projected a reading of 49.4, down from July's 49.7. A reading above 50 represents growth, while one under 50 points to a contraction in the manufacturing sector.
Market Forecast for week ahead:
STI showed bearish sentiment this weak. STI has broken its support of 2870. It has its support at 3840, if it breaks this level it may fall till 2800. MACD shows a postive moment next week as faster moving average curve has crossed slower moving average curve. However, US monthly job data to be released on Friday evening will impact market next week.
Weekly Technical view on STI 
Sup 1
Sup 2
Res 1
Res 2
Res 3
Technical Indicators:
RSI for this week is 20.471 with CCI at -192.043. Besides, difference line of MACD -106.253 and crossed its signal line -53.269.
  • Del Monte squeezes Q1 loss to US$12m.
  • Sunlight Group was not going through with the acquisition of Alexander Resource Ltd (has become "technically insolvent").
  • Singpost completed the acquisition of local self-storage facility operator Store Friendly Self Storage Group for S$12 million.
  • Stats Chip outlook is now revised to negative; 'BB' rating is affirmed.
  • CapitaLand's Ascott wins four contracts in Asia.
  • Hong Kong shares ended 0.45 per cent lower on Friday, bringing an end to another painful week for the Hang Seng Index, owing to ongoing concerns about the Chinese economy.
  • AUTHORITIES in Singapore, Malaysia and Thailand have published a handbook to guide companies that hope to offer securities across borders through a streamlined review framework.
  • UOL Group, Yangzijiang Shipbuilding and SATS will replace Jardine Matheson, Jardine Strategic and Olam International as constituents of the Straits Times Index (STI). This comes after the conclusion of the semi-annual review.
  • Japanese stocks slipped to seven-month lows, with the Nikkei posting its biggest weekly fall in almost a year and a half with speculators dumping futures while investors stayed risk-averse ahead of the release of a key U.S. jobs report later in the day.
  • Swiss consumer prices fell in August by the most in 56 years, the strongest indication yet of the pricing pressure from Switzerland's strong currency and low oil prices.
  • Malaysia saw exports in July increase 3.5 per cent from a year earlier as demand for electrical and electronic goods surged, government data showed on Friday.
  • Andy Hall, one of the best-known oil traders who's bullish on prices, said the decline in the oil market isn't a repeat of 1998 or 2008. The absence of "extreme contango," which occurs when commodities prices close to delivery are cheaper than those to be delivered at later dates, suggests that "the world, whilst moderately oversupplied, is not awash in oil.
  • Gold held declines from a two-day losing streak on Friday, ahead of a crucial US jobs report as traders waited for clues about the timing of a Federal Reserve rate hike.
  • Oil prices eased in Asian trade on Friday as investors turned cautious ahead of US jobs data later in the day that is expected to play into the Federal Reserve's decision on the timing of any US rate hike.

Wednesday, September 2, 2015

STI Technical Analysis & Singapore Stock Market Forecast for 3 Sept

  Straits Times Index trades 0.2% higher at 2,887.04 in early trade, and ended 4.60 points or 0.16 % lower to 2878.10. STI came off from its intra-day peak of 2906.67 and low of 2877.49.
STI moved in tandem with the US futures market as traders tried to anticipate how Wall Street might perform during its Wednesday session. 
STI Day Performance
Open: 2897.76
High: 2906.67
Low: 2877.49
Close: 2878.10
Change(Points): -4.6
% Change: -0.16%
Volume: 1103.60 M
Rise: 163
Fall: 197
Unch: 431
The first Singapore Savings Bond (SSB) will be issued on Oct 1, with those holding the bonds for the full 10 years earning an average interest rates per annum of 2.63%, according to the Monetary Authority of Singapore.
For those who redeem the bonds at an earlier date, the average return per year will range from 0.96% at the end of the first year to 2.53% at the end of year nine. Those who hold the bonds for five years will earn an average of 2.01% per annum.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
Market forecast:
STI is expected to take side ways trend. Its support level is at 2840. if breaks this level it is expected to go up to level of 2800, it has its resistance at 2930. Market sentiment still is bearish due slow down of China’s economy as the manufacturing data is lower than expected.
  • CapitaLand is flat trading at $2.80 after announcing that its serviced residence unit, The Ascott, has won new contracts to manage over 850 units in four growing Asian markets.
  • OCBC Investment Research says macro headwinds and tough conditions in the retail business lead it to maintain a neutral rating on the consumer sector.
  • Shares in Chinese Global Investors by rose as much as 16% early on Wednesday, a day after the firm said it was selling its wholly owned subsidiary, Hitchins International, for $3.28 million to the current management of the unit.
  • Singapore's telecommunications sector is set for disruption, making it a risky one to be in at this juncture. The bank reviews recent news in the sector which it says points to the risk of increased competition that - albeit minor at this stage - could pose risks to incumbents.
  • Asian stocks witnessed a fresh round of volatility on Wednesday, as further evidence of slowing growth in China's economy brought a new bout of uncertainty to global markets.
  • The Indian economy is still expected to grow around eight per cent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.
  • Malaysia's ringgit fell the most in more than a week and bonds dropped as a slump in Brent crude prices clouds the outlook for government finances in the oil-exporting nation.. Brent decreased 1.9 per cent after falling 8.5 per cent on Tuesday in its biggest decline since 2011 before US stockpiles data.
  • Hong Kong stocks sank 1.18 per cent by the end of a roller-coaster session Wednesday with traders gripped by ongoing concerns about China's economic crisis that has rattled world markets. The benchmark Hang Seng Index fell 250.49 points to close at 20,934.94 on turnover of HK$96.05 billion (S$17.52 billion).
  • SINGAPORE shares rose by a modest 0.4 per cent, with the Straits Times Index up 11.15 points to 2,893.92 following a weak opening in Japan.
  • Oil prices fell around 2 per cent in Asian trade on Wednesday, as a stronger-than-expected build in US crude oil stocks and weaker US manufacturing data fuelled a rout in prices that started in the previous session..
  • World oil prices tumbled on Tuesday as poor manufacturing data in China, the world's largest energy consumer, hammered the outlook for demand and shook market confidence.
  • Gold edged lower on Wednesday with appetite for the metal soured by a firmer dollar despite weaker Asian equities, and failure to breach a key resistance and a looming US rate hike suggest more downside risk.

Monday, August 31, 2015

STI Technical Analysis & Market Forecast for Singapore

  Singapore shares opened 0.5 per cent higher, with the STI up 13.82 points to 2,969.76 following a mixed session for US markets before the weekend. and ended 34.50 points or 1.17% lower to 2921.44. STI came off from its intra-day peak of 2921.44 and low of 2921.44.
Investors look to individual counters after days of mass selling followed by mass buying as volatility hit global markets. The result is a mixed morning trading session in Singapore. STI ended in red.
STI Day Performance
Open: 2987.18
High: 2987.18
Low: 2921.44
Close: 2921.44
Change(Points): -34.50
% Change: -1.17%
Volume: 1268.20 M
Rise: 155
Fall: 244
Unch: 396
Bank lending in July rose from June, but by a smaller extent compared to a month ago, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday. This reflected weaker growth in business lending, given the big boost in construction loans in June.
Market forecast: STI is to take side ways trend. Its suport level is at 2904, if breaks this level it is expected to go up to level of 2800, it has its resistance at 3000. However, market sentiment still remains bearish due to expectation of increase in US interest rate by FED in september.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
  • Raffles Medical Group’s, wholly owned subsidiary, Raffles SurgiCentre, has entered into a share purchase agreement with AEA International Holdings. This is for the acquisition of 375,112 shares, or about a 55% stake in International SOS (MC Holdings) (MCH).
  • Grand Banks Yachts posted a $2.44 million net loss for 4Q ended June 30, compared with $801,000 in earnings a year earlier. Revenue increased 3.5 per cent to $13.68 million.
  • Chasen Holdings, the specialist in relocation solutions, technical and engineering services and third-party logistics, says it recently secured contracts worth $44.5 million for FY15/16.
  • Chinese stocks sank again on Monday amid uncertainty over US interest rates, reviving fears of a broader global economic slowdown that has rocked the world's financial markets.
  • Hong Kong stocks were almost flat on Monday, capping a volatile month in which major indexes registered their worst performance in nearly four years amid global market turmoil triggered by concerns over the Chinese economy. Hang Seng index rose 0.3 per cent, to 21,670.58, while the China Enterprises Index lost 0.1 per cent, to 9,741.41 points.
  • European shares fell on Monday, with Germany's DAX and France's CAC on track for their worst month in four years, plagued by sliding Chinese stocks and the threat of a US rate increase as early as September.
  • Australian shares fell one per cent on Monday, capping its worst monthly performance in seven years, amid confusion over central bank policy direction in the US and China. The index fell 8.6 per cent in August, its biggest monthly decline since late 2008.
  • South Korea will consider increasing its imports of Iranian crude oil and condensate when sanctions on Tehran are lifted, a senior government official said on Monday.
  • Dollar slipped in Asia on Monday on fears that China's economic malaise could drag on global growth, reversing a rally that had been fuelled by hopes for a September Federal Reserve rate hike.
  • Iran expects to finalise the wording for a new model for international oil contracts in the next three weeks, the oil minister said on Monday, as Tehran seeks to boost recovery from its fields with the help of foreign companies.

Wednesday, August 26, 2015

STI MARKET REVIEW & Day Performance Trading Analysis

Singapore share prices opened lower with the STI down 26.63 points or 0.92 per cent to 2859.66 and ended 13.29 points or 0.46% lower to 2873.00. STI came off from its intra-day peak of 2905.29 and low of 2847.17.
Singapore in early trade rebounded after gap down open moved in positive territory due to declartion of rate cut in China but it came down due to increase of selling pressure latter in the market and closed in red.
 STI Day Performance:
Open: 2859.66
High: 2905.29
Low: 2847.17
Close: 2873.00
Change(Points): -13.29
% Change: -0.46%
Volume: 2306.40 M
Rise: 201
Fall: 240
Unch: 353
Singapore's industrial output marked 6th consecutive contraction by falling more than expected in July. Factory output fell by 6.1% y-on-y last month. Excluding the volatile biomedical sector, it contracted by 13.4%, output would have fallen by a smaller 4.1%.
Singapore dollar extended gains despite of weaker industrail ouput data of July, which came lower than expected,as shares on the Shanghai Composite index rallied 3.7%. It gained to 1.4000 versus the US dollar from around 1.4040, as shares on the Shanghai Composite index rallied 3.7%.
Market forecast:
STI is to takeside ways trend. It has its resistance at 2928, if it breaks this level it is expected to go up to level of 2947 and it has its support at 2800. However, market sentiment still remains bearish as they did not find China’s rate cut sufficient to control the global meltdown due to slowing growth of Chinese economy.
  • Eu Yan Sang, the retailer of Traditional Chinese Medicine, has suffered lossed in the 4th quater dur to challenging macro-economic environment in Hong Kong and Malaysia.
  • Retail Real Estate Investment Trusts (REITs) have reported over the labour cruch and are set to grow again.
  • Croesus Retail Trust (CRT), has announced dividends of 2.02 cents per unit for fourth quater 2015, which make toat of DPU to 8.08 which is 2.8% more from FY2014.
  • Asian stocks fell on Wednesday as investor sentimen remain negative as they find fresh rate cut still not enough to stabalise the slowdown of the Chinese economy or can help to stop the donwwanrd trend of the Chinese market. China's key share indexes saw lot of fluctuation in the market today. Indexes moved higher quite a times in the earlt tarde today but they came down due to the selling pressure in market. Investors are expecting more support from the central bank and the government.
  • European shares fell on Wednesday, in line with decline in global market all over the world. Due to concerns over China’s economy. Also the stock of bank and mining stocks underperforming. Pan-European FTSEurofirst 300 index, fell by 2.6% inline with silimar amount of fall in the eurozone's blue-chip Euro STOXX 50 index followed by rise of 4.3 % in previous trading session.
  • Shanghai stocks closed around 1.27% lower, trading was quite volatile on Wednesday, the fall was seen even though central bank interest declared a rate cut with the aim to boost boost the flagging economy and falling shares. China's benchmark Shanghai Composite Index closed after falling 37.68 points to 2,927.29 with turnover of 461.8 billion yuan. It surged up to 4.29 per cent and was down as much as 3.85 per cent during the day.
  • Australian stocks, moved up after the declartion of rate cut by China. However buoyed by China's move to cut interest rates, staged a late rally to finish higher Wednesday after trading in the red for most of the session. The benchmark S&P/ASX200 index closed 0.69 per cent higher at 5,172.8 after falling as low as 5,051.40 in early trade.
  • The dollar stood up strong against the yen and euro on Wednesday, as both the Chinese and European stock markets faced a losing ground despite China’s easing measures, where investors are still anxious about the global economic outlook.
  • Crude oil futures traded positive on Wednesday after the sharp fall but still not far off 6-1/2 year low on the back of the negative Chinese market outlook which is the largest energy consumer.
  • Gold slipped on Wednesday as equities bounced back after China eased monetary policy further to support a faltering economy and stock markets that had fuelled this week's global rout.
  • Ringgit dropped to a 17-year low influenced by the degraded Malaysian economic outlook which is facing the dual effect of political scandal, oil price and equity market sell down.

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