singapore stock picks

Wednesday, September 17, 2014

SGX Singapore: STI Outlook 17 Sept


Market Review for STI:
STI took a correction after a steep downfall and opened at 3283.22 and closed at 3296.48, total positive change of 23 points was there and the high of the day was marked at 3299.64. shares rebounded following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance.The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop.

STI Day Performance
Open
3283.22
High
3299.64
Low
3283.12
Close
3296.48
Change(Points)
+23.86
% Change
+0.73
Volume
1341.7M
Rise
266
Fall
133
Unch
728
Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3282
3270
3260
3310
3325
3340
Technical indicators:
RSI is down and is at 40.If RSI goes above 50 then the bullish trend may form.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GENTING SING.SG
1.12
2.28
COMFORTDELGRO.SG
2.46
-1.99
CITYDEV.SG
9.79
1.98
THAIBEV.SG
0.72
-0.69
NOBLE.SG
1.365
1.87
CAPITAMALL TRUST.SG
1.95
-0.26
HONGKONGLAND USD.SG
6.86
1.48
SIA ENGINEERING.SG
4.56
-0.22
HPH TRUST USD.SG
0.7
1.45
UOB.SG
22.54
0.13
Important Factor for today:-
  • On a year-on-year basis, NODX rose by 6.0 per cent in August 2014, compared to the 3.3 per cent decrease in the previous month, due to the increase in non-electronic NODX which outweighed the decline in electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Hong Kong, Japan and Thailand, rose in August 2014.
  • XPRESS Holdings warned its shareholders of a significant net loss for FY2014. The group added that this is mainly attributed to the recoverability issue relating to its receivables and impairment of goodwill.
  • Keppel Corporation announced that its subsidiary Keppel FELS has secured a fifth jack up contract from Qatar's Gulf Drilling International (GDI) for US$227 million, scheduled for delivery in the first quarter of 2016. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017.
  • Magnus Energy Group announced the resignation of its managing director Lim Kuan Yew, after six-and-a-half-years in this position at the company, to pursue personal ventures and businesses. The resignation takes effect on Sept 30.

Singapore Financial Market Updates 17 Sept

SINGAPORE Financial Update
  • SINGAPORE shares rebounded on Wednesday following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance.The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop.

  • XPRESS Holdings warned its shareholders of a significant net loss for FY2014. The group added that this is mainly attributed to the recoverability issue relating to its receivables and impairment of goodwill.

  • Keppel Corporation announced that its subsidiary Keppel FELS has secured a fifth jackup contract from Qatar's Gulf Drilling International (GDI) for US$227 million, scheduled for delivery in the first quarter of 2016. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017.

  • Magnus Energy Group announced the resignation of its managing director Lim Kuan Yew, after six-and-a-half-years in this position at the company,to pursue personal ventures and businesses. The resignation takes effect on Sept 30. Mr Lim is responsible for strategic planning, establishing future direction and business development of the group, and oversees its overall management and operations.

Thursday, September 4, 2014

Singapore SGX : STI Technical Outlook 4 Sept

Market Review for STI: 
Share prices opened lower today with the straits times’ index down 4.77 points to 3,341 shortly after the opening bell. After the two days of sharp up move it seemed that prices were in correction mode. STI was down for the whole trading session .The close for the day was observed at 3346.34.
STI Day Performance
Open
3341.140
High
3346.34
Low
3334.60
Close
3346.34
Change(Points)
-2.43
% Change
-0.07%
Volume
1767.3M
Rise
153
Fall
252
Unch
721
Market forecast for STI:
As the indicators are favourable and the overall trend is up we may expect that it will move in uptrend for the next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3330
3320
3310
3350
3360
337
 Technical Indicators:
RSI is at 60 and CCI is at 95. 
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
OLAM INTL.SG
2.69
1.89
OCBC BANK.SG
9.66
-1.43
THAIBEV.SG
0.69
1.47
KEPPEL CORP.SG
10.85
-1.18
JSH 500 USD.SG
37.55
1.13
JARDINE C&C.SG
44.58
-1.11
JMH 400 USD.SG
63.09
1.09
SEMBCORP IND.SG
5.12
-0.97
ASCENDAS REIT.SG
2.37
0.85
GENTING SING.SG
1.21
-0.82
 Important Factor for today:-
  • Professionals in Singapore are more willing to trade climbing the corporate ladder for acquiring new skills. The results from Kelly Global Workforce Index showed that 51 per cent of Singapore respondents opted for new skills, placing lesser weight on securing a pay rise or promotion.
  • Tuan sing holdings said it has signed an agreement with its joint venture partner, Morgan Stanley, to acquire the remaining 50% interest in grand hotel group for a cash consideration of a$126.04 million ($147.2 million).
  • Hong Kong shares slipped 0.20 per cent in the first few minutes of trade as profit-takers moved in following the previous day's rally.
  • Asian shares mostly slipped on profit-taking following a healthy rally across the region the previous day, while wall street provided another tepid lead despite an upbeat assessment of the us economy.
  • Singapore eDevelopment Ltd (SeD) on Thursday said that Fragmented Industry Exchange Inc (FIE) intends to acquire its instant messaging software subsidiary for US$700 million in shares and bonds.
  • Singapore aims to double its petrochemicals production by the end of the next decade and is setting aside up to 40 per cent of its reclaimed land on Jurong Island for new chemical plants, a JTC Corporation executive told Reuters in an interview.
  • HDB resale prices slipped 1.1 per cent in August compared with July 2014, data from the Singapore Real Estate Exchange (SRX) shows.
  • Singapore is the world's second most competitive economy for the fourth year running, according to the World Economic Forum's (WEF's) latest Global Competitiveness Index (GCI).

Friday, August 29, 2014

Singapore Stock SGX : Weekly Wrap and Technical outlook-29 Aug

Market Review for STI:
STI opened higher for the week at 3358.52 and the closing was marked at 3327.09. On a year-on-year basis, Singapore's manufacturing output grew 3.3% in July 2014. Excluding biomedical manufacturing, output decreased 2.2%. On a seasonally adjusted month-on-month basis, manufacturing output increased 2.7% in July 2014. Excluding biomedical manufacturing, output declined 0.8%.According to central bank data, total bank lending in Singapore was barely changed in July from June as loans to manufacturing, building and construction rose while lending to financial institutions fell.
STRAIT TIMES WEEKLY WRAP
Open
3331.91
High
3358.52
Low
3321.32
Close
3327.09
Change(Points)
+1.59
% Change
+4.77%
Market forecast for STI:
STI overall is in uptrend and gave up move for the week made a high of 3358.52 but closed lower .We may expect the bullishness in market and it is expected to open higher.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3315
3278
3250
3360
3385
3450
Technical indicators: RSI and CCI both the technical indicators are supportive for the bullish move of the market and is at 60& 100 for the week.
Important Factor for today:-
  • Fitch Ratings says that the prudential and regulatory framework for banks in Singapore remains strong.
  • Asian markets slipped today as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data.
  • Singapore’s Olam International, one of the world’s biggest traders of rice, coffee and cocoa, posted flat annual core earnings, hampered by weaker sales in the latest quarter as the company exited or downsized businesses. Its net profit for the quarter ended June fell 43.9% to $31.8 million.
  • IPS Securex Holdings, the provider of security products and integrated security solutions, said it has won a $4.5 million contract from the HDB for the installation, leasing and maintenance of alert alarm systems (AAS) for several blocks of residential housing across Singapore. The AAS is for use by the elderly during an emergency.
  • Hong Kong stocks climbed 0.55 per cent in the first few minutes of trade today following another positive lead from Wall Street.
  • Singapore sovereign fund GIC said it has invested US$104m in Taiwanese music streaming service provider KKBOX.
  • COSMOSTEEL Holdings fell 11.6 per cent early on Thursday following news that the company's chief executive and an executive director were called in by corruption investigators.
  • CAPITALAND’S wholly owned serviced residence unit, The Ascott, has won a contract to manage a 174-unit serviced residence in Gurgaon, near New Delhi.
Sector Allocation Chart
Sector
RISE
FALL
UNCHANGED
properties
22
30
30
manufacturing
57
47
154
services
36
46
72
commerce
16
17
66
finance
10
11
27

Thursday, August 21, 2014

SIngapore SGX : STI Closing Outlook 21 Aug


Market Review for STI:
Share prices opened up at 3327.47. Asian markets mostly fell today, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's second-largest economy. STI seems to be in uptrend made a high of 3335.38 and closed at 3324.09.

STI Day Performance
Open
3327.47
High
3335.38
Low
3319.83
Close
3324.09
Change(Points)
+0.44
% Change
+0.01
Volume
1451.1M
Rise
203
Fall
197
Unch
715
Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3280
3270
3340
3360
3380
Technical indicators:
RSI is above the centre line at 60 and CCI is at -80.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
CITYDEV.SG
10.17
1.5
OLAM INTL.SG
2.51
-1.95
THAIBEV.SG
0.675
0.75
HONGKONGLAND USD.SG
6.92
-1.84
OCBC BANK.SG
10.44
0.58
JMH 400 USD.SG
59
-1.67
CAPITAMALL TRUST.SG
2.01
0.5
JARDINE C&C.SG
44.79
-0.86
STARHUB.SG
4.13
0.49
SIA ENGINEERING.SG
4.54
-0.44
Important Factor for today:-
  • Singapore's domestic wholesale trade fell 6.1 per cent in the second quarter of 2014 compared to a year ago.
  • Moody's investor services concluded its review on OCBC bank, and confirmed its ratings on the Singapore bank's long-term debt, deposit and standalone ratings.
  • Tiong Woon Corporation holding reported a 25 per cent increase in net profit to s$22.1 million for its fy14 ended June 30, thanks to lower income tax expenses and the absence of loss from discontinued operations which it incurred a year ago.
  • Star hub has launched on Wednesday a new cloud marketplace, 'smart business', for small and medium sized businesses (smbs) to buy software and services such as Microsoft office 365 and McAfee endpoint protection.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms