singapore stock picks

Wednesday, March 4, 2015

Malaysia & Singapore Stock MArket Updates 4-March

Market Review for STI: Singapore share prices opened lower with the STI down 1.44 points to 3,420.67.Singapore shares rose after new data showed China's services sector grew modestly in February as new orders rose at their quickest pace in three months.
STI Chart Market forecast for STI: Still STI is not in one trend we may expect it will move in the range of 3388 to 3456
Technical Indicators: RSI is at 51 and CCI is at 24.
Important Factor for today:-
  • It may be the most expensive city in the world for expatriates but Singapore is also once again the top city in Asia for this group when it comes to quality of life.
  • China Oilfield Technology Services Group will be delisted after the loss-making company failed to meet regulatory requirements for removal from the SGX watch-list.
  • Private equity funds worldwide sold a record US$456 billion ($621 billion) worth of investments last year, 67% more than in 2013, driven by a handful of mega deals and buoyant IPO markets in 1H2014
  •  CIMB Research believes listed property developers' stock prices should sustain its growth going forward, if asset recycling activities start to occur via a trade sale, divestment to private funds, or to Singapore REITS.
  • Sete Brasil is looking for a solution with its lenders and shareholders with options ranging from restructuring debt to a full write-off, according to Upstream, the global Oil & Gas news source.
  • CNA Group announced a proposed placement of some 119 million new shares priced at S$0.0335 each that could rise up to S$3.79 million in net proceeds.
  • Blumont Group on Tuesday said that it has obtained in-principle approval from the Singapore Exchange for the proposed placement of 100 million new shares priced at S$0.01705 each that could rise up to S$1.67 million in net proceeds.
Market Review for KLCI:
The FBM KLCI index gained 4.29 points or 0.24% on Wednesday. Finance Index increased 0.01% to 16103.45 points, Properties Index up 0.01% to 1326.84 points and Plantation Index rose 0.19% to 7988.44 points. Market traded within a range of 6.87 points between an intra-day high of 1826.05 and a low of 1819.18 during the session.
Market Review for KLCI: The FBM KLCI index gained 4.29 points or 0.24% on Wednesday. Finance Index increased 0.01% to 16103.45 points, Properties Index up 0.01% to 1326.84 points and Plantation Index rose 0.19% to 7988.44 points. Market traded within a range of 6.87 points between an intra-day high of 1826.05 and a low of 1819.18 during the session.
The KLCI extended yesterday’s gains by ending 4.29 points higher at 1825.54, despite the lower overnight close on Wall Street due to slight decline in February's auto sales. The gain in our benchmark index was underpinned by buying in heavyweight counters, led by YTL Corp.
Market forecast for KLCI: Higher closing of today’s trading session indicating market could be bullish by maintaining volume. Still there is a resistance to break 1830.
Technical indicators: RSI stood below the center line at 64.559 with its CCI at 121.129 Difference line of MACD performed at 12.305 above its signal line which performed at 12.444.
ECONOMIC FACTORS:
  • Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund. Robust domestic demand supported by sound macro-financial policies is driving strong, non-inflationary growth in the face of uncertain external conditions and declining commodity prices.
  • Shares of Mega First Corporation Bhd (MFCB) is bound to reach its highest since 1995 after it signed a shareholders agreement with Laos' Electricite du Laos (EDL) and two other parties to develop Don Sahong hydropower project.
  • Foreign funds took profit on Malaysian equities on Tuesday with net selling at RM162.30mil after two days of net buying. foreign funds bought RM545.8mil of Malaysian equities but sold RM708.1mil.
  • 4Q earnings for 2014 were uninspiring despite more corporates meeting its earnings expectations.
  • Malaysia's sovereign rating is unlikely to see a downgrade, despite a possible widening in the deficit due to lower oil revenues and high household debt because of its strong fundamentals.
  • The Malaysia Competition Commission (MyCC) has imposed a total financial penalty of RM247,730 on 15 infringing enterprises in relation to a price fixing agreement between 24 enterprises who are members of the Sibu Confectionery and Bakery Association (SCBA).
  • The Securities Commission Malaysia (SC), the Monetary Authority of Singapore (MAS), the Securities and Exchange Commission (SEC), Thailand and the Singapore Exchange (SGX) have signed a memorandum of understanding (MoU) to establish a Streamlined Review Framework for the Asean Common Prospectus.
  • Ni Hsin Resources Bhd will proceed with its investment in loss making Helios Photovoltaic Sdn Bhd, confident that it will become a major revenue and profit contributor to the group in the future.
  • CIMB Group Holdings Bhd and Mitsubishi Corp yesterday launched the Asean Industrial Growth Fund (AIGF LP) to channel Japanese corporates looking to invest in mid-tier Asean companies.
  • Malaysia's exports likely increased 3.0 per cent in January from a year earlier while the pace of import growth probably slowed to 2.0 per cent.

Tuesday, February 24, 2015

Singapore Stocks - STI Technical Review for 24 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 6.93 points to 3,428.23. Shares were little changed as investors opted to wait for Federal Reserve head Janet Yellen's testimony before Congress tonight. While markets expect the Fed to raise interest rates this year, concerns are mounting that higher borrowing costs might put the US economy at risk at a time when central banks worldwide are easing policy to fight deflation and sluggish growth.
STI Day Performance
Open
3427.56
High
3437.61
Low
3415.91
Close
3437.61
Change(Points)
+16.31
% Change
+0.48%
Volume
1041.3M
Rise
211
Fall
176
Unch
398
Market forecast for STI: We may expect bullish rally of STI in next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3400
3380
3363
3450
3480
3500
Technical Indicators: RSI is at 55and CCI is at 87.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
COMFORTDELGRO.SG
3
3.81
GOLDEN AGRI-RES.SG
0.41
-2.38
SINGTEL.SG
4.28
2.88
NOBLE.SG
1.06
-2.3
ST ENGINEERING.SG
3.55
2.6
JMH USD.SG
64.39
-1.69
CAPITAMALL TRUST.SG
2.16
1.89
OLAM INTL.SG
2
-1.48
ASCENDAS REIT.SG
2.48
1.64
SIA ENGINEERING.SG
4.21
-1.41
Important Factor for today:-
  • Singapore's budget this year focuses more on long-term measures to boost "the supply-side capacity of the economy" and lacks short-term measures to drive consumption, according to Credit Suisse.
  • Lower administrative expenses and increased contributions from associates and joint ventures lifted SIIC Environment Holdings' 4Q2014 earnings to RMB65.9 million ($14.5 million) from RMB31.3 million a year earlier.
  • A budget focused on building Singapore's future, was how Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam summed up his close to two-and-a-half-hour.
  • Singapore shares remained subdued ahead of Federal Reserve Chair Janet Yellen's congressional testimony tonight.
  • Singapore's budget is about strengthening the social safety net to help the silver generation and needy. It continues to attempt to create equal opportunities for Singaporeans.
  • Proposed tax could encourage the further development of the reits market in Singapore, the incremental demand for office spaces by any new reit listings will be marginal in light of the large office supply.
  • Oil prices dipped on worries about oversupply in North America, with Brent futures testing support around US$60 a barrel and US contracts hovering around US$50.50.

Monday, February 23, 2015

SGX: STI Techinccal Analysis Report 23 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 16.94 points to 3,452.60. Shares held on to modest gains as investors awaited more developments in Europe, where Greece has until today to provide its creditors with a list of reform measures to secure financing. Trading activity was also subdued ahead of this afternoon's Singapore Budget announcement.
STI Day Performance
Open
3456.21
High
3458.14
Low
3421.30
Close
3421.30
Change(Points)
-14.36
% Change
-0.42%
Volume
1053.2M
Rise
201
Fall
196
Unch
390
Market forecast for STI: We may expect STI will move in the range of 3390 to 3350.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3385
3365
3340
3450
3480
3505
Technical Indicators: RSI is at 55and CCI is at 87.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
OLAM INTL.SG
2.03
1.5
SINGTEL.SG
4.16
-2.8
NOBLE.SG
1.085
1.4
HONGKONGLAND USD.SG
7.63
-2.3
DBS.SG
19.65
1.03
SIA.SG
12
-2.12
JARDINE C&C.SG
43.15
0.94
JMH USD.SG
65.5
-1.5
SGX.SG
8.31
0.73
THAIBEV.SG
0.7
-1.41
Important Factor for today:-
  • The consumer price index in January was expected to fall 0.3 per cent from a year ago, according to the median forecast in a Reuter’s poll of economists. Core CPI was seen likely to rise 1.3 per cent year-on-year.
  • Airlines (SIA) dropped a position this year and ranked 19th in Fortune magazine's annual list of the 50 most admired companies in the world.
  • SINGAPORE inflation eased to -0.4 per cent in January from -0.1 per cent in December, mainly due to a sharp price declines of oil-related items as well as lower food and services inflation.
  • Malaysian state fund 1MDB said on Monday that the refinancing of its debt will involve the finance ministry "as relevant and as required" after media reported that the government may inject up to RM3 billion (S$1.12 billion) into the fund.
  • Oil rebounded in Asia on Monday as speculators hunted for bargains following a sharp decline last week, but analysts said prices remain weighed by an oversupply.
  • Loan growth for the three Singapore banks is expected to be tepid this year, after having increased 5.8% in 2014 following four years of double-digit expansion.

Wednesday, February 18, 2015

SGX Singapore : Stock Market Technical Report 18 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 19.57 points to 3,435.48.Asian stocks rose after US shares climbed to a record amid speculation Greece will reach a resolution with its creditors.
chinese new yearSTI Day Performance
Open: 3428.71
High: 3443.50
Low: 3425.89
Close: 3435.66
Change(Points): +19.75
% Change: +0.58%
Volume: 633.6M
Rise: 210
Fall: 120
Unch: 457
Market forecast for STI: We may expect bullish trend in next trading session.
STI Chart
STRAITS TIME LEVELS
Support 1: 3385
Support 2: 3365
Support 3: 3345
Resistance 1: 3450
Resistance 2: 3480
Resistance 3: 3505
Technical Indicators: RSI is at 58and CCI is at 122.
Top  Losers: GOLDEN AGRI-RES, COMFORTDELGRO, OLAM INTL, WILMAR INTL, GLOBAL LOGISTIC
Top  Gainers: CAPITAMALL TRUST, GENTING SING, NOBLE, JARDINE C&C, ASCENDAS REIT
Important Factor for today:-
  • Maybank Kim Eng has cut its 2015 GDP growth forecast for Singapore to 2.5% from 3%, saying the city-state is caught in a "tug of war between tailwinds and headwinds
  • Malaysia's consumer price index in January rose 1 per cent from a year earlier, its smallest increase since November 2009, reflecting the drop in global oil prices.
  • Oil fell for the first time in four days before US government data forecast to show crude inventories increased further last week from a record level.
  • Shares in Neptune Orient Lines (NOL) climbed to a high of S$1.065 in today's early trading on the news that it plans to divest its logistics business and it has asked for a trading halt of its shares on the SGX on Tuesday afternoon.
  • Sembcorp Industries' fourth quarter net profit grew 7.5 per cent to S$240.62 million, as the group recorded higher contribution from its utilities business in China and the UK.
  • Shares in Noble Group gained 4.5 cents or 4.29 per cent to trade at S$1.095 on today morning after the commodity trading firm defended itself against allegations that it used aggressive accounting to mislead investors.

Tuesday, February 17, 2015

Stock Market Updates for STI Singapore for 17 Feb


Market Review for STI: Share prices opened lower with the Straits Times Index down 8.32 points to 3,418.84.Singapore shares were still mostly lower as investors stayed on the sidelines after an early selloff. With Greece and its creditors still nowhere near a deal to address its funding needs, and amid a shortened trading week for the local market, investors are likely to lie low for the rest of today's session.

STI Chart
STI Day Performance
Open: 3418.40
High: 3420.16
Low: 3409.03
Close: 3413.01
Change(Points): -14.15
% Change: 0.41%
Volume: 874.8M
Rise: 153
Fall: 212
Unch; 422
Market forecast for STI: Less volume in market because of Chinese New Year we may expect bearish trend in next trading session.
STRAITS TIME LEVELS
Support 1: 3380
Support 2: 3360
Support 3: 3340
Resistance 1: 3465
Resistance 2: 3485
Resistance 3: 3500
Technical Indicators: RSI is at 54 and CCI is at 13
Important Factor for today:-
  • SINGAPORE'S overall labour productivity contracted by 1.5 per cent in the last quarter of 2014 - the third consecutive quarter of decline, and a worsening from Q3's 0.9 per cent contraction.
  • NON-OIL domestic exports (NODX) grew 4.3 per cent year-on-year in January, the third straight monthly increase. The NODX rose 0.8 per cent in November and 2.3 per cent in December
  • GFI Group defeated a Singapore lawsuit by a former broker who sued over a six-month non-compete clause that prevented her from moving immediately to a rival in a similar role.
  • THE Singapore economy grew a better-than-expected 2.1 per cent year-on-year in the fourth quarter of 2014, the Ministry of Trade and Industry (MTI) said on Tuesday morning, as the manufacturing sector contracted less than initially anticipated.
  • Higher revenue and fair-value gains on investment properties lifted CapitaLand's 4Q2014 earnings to $409.4 million from $142.6 million a year earlier.
  • Logistics, commodity and engineering group CWT posted a 5 per cent gain in 2014 net profit as a margin squeeze in commodity marketing offset a jump in revenue.

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