singapore stock picks

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.

Bursa Malaysia : Market Closing Updates 21 Aug

Market Review for KLCI:
Share prices opened flat on Thursday with the KLCI up 0.78 points to 1870.04. Asian stocks declined Thursday with China leading the region lower, while the Australian dollar fell sharply after worse-than-expected employment data. This impacted KLCI too.The close for the day was observed at 1867.32 .The prices are below 20 and 50 days EMA.
KLCI Day Performance
Open
1874.35
High
1878.89
Low
1872.59
Close
1878.89
Change(Points)
6.730
% Change
0.36%
Volume
7669.9M
Rise
227
Fall
758
Unch
1328
Market forecast for KLCI:
Market was in corrective session today and it formed Bearish Harami chandle stick pattern which signifies that the prices gapped lower and closed lower than the previous day. Therefore, the harami pattern suggests that prices could go downward or sideways in the short term because the bullish upward pressure has diminished.
KLCI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1868
1857
1833
1890
1892
1907
Technical indicators:RSI stood below the centre line at 53.467 with its CCI at 66.618. Difference line of MACD performed at -1.932 above its signal line which performed at -4.091.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
IOICORP
4.83
-3.4
HLFG
17.6
2.44
KLK
23.16
-2.93
SKPETRO
4.19
1.45
YTL
1.55
-1.9
IHH
5.02
1.41
GENTING
9.68
-1.43
ASTRO
3.35
1.21
UEMS.KL
1.97
-1.01
CIMB
7.12
0.71
Economic Factors:
  • The ringgit opened lower against the US dollar today due to lack of demand.
  • Malaysia’s ringgit dropped for a second day as a signal from the Federal Reserve that it’s on target to increase interest rates next year boosted demand for the dollar.
  • The Asean Economic Community (AEC), the single market which takes shape next year, promises benefits to the people and businesses. 2015 onwards, Customs duties on 97.3% of the goods traded in the region will be duty-free.
  • Automotive sector is expected to pick up speed for the period, driven by major launches, which would spur buying interest and perform in the H2 of this year.
  • Perdana Petroleum’s first half financial year 2014 result has met 38 per cent and 50 per cent of our revenue and earnings estimates, respectively. Second quarter finan-cial year 2014 revenue registered RM88.6 million, while earnings is on track with RM24 million. Its performance is reaffirmed by its earnings visibility from its RM1.3 billion order book of longer term contracts up to 2019.
  • Airasia Bhd’s earnings surged more than fivefold to RM367.1 million in the Q2 ended June 30, from RM58.3 million recorded in the same period last year. This was achieved on the back of a higher revenue of RM1.3 billion, up 5.1%from the RM1.2 billion recorded a year ago, mainly driven by 1% growth in passenger volume and lower average fare.
  • IOI Corp Bhd’s net profit surged 70% to RM3.3 billion in the financial year ended June 30 from RM1.9 billion in the previous financial year, backed by the RM1.8 billion gain from the demerger of the group’s property business.
  • Boustead Plantations Bhd (BPB) chalked up a net profit of RM9.4 million in the Q2 ended June 30 after registering losses of RM10.4 million in the same period last year. This was on the back of a higher revenue of RM188.7 million, up 24.4 per cent, compared with RM151.7 million for the same period.
  • The major shareholder of Brahim’s Holdings Bhd said he may consider selling the company’s stake in in-flight caterer Brahim’s Airline Catering (BAC) Sdn Bhd should there be a request from Malaysia Airlines (MAS).
  • The Malaysian Association of Tour and Travel Agents (MATTA) expects to rake in RM150 million in revenue from its travel fair next month as more people are ready to travel in the second half of the year.
  • Pharmaniaga Bhd chalked up a pre-tax profit of RM24.62 million for the second quarter (Q2) ended June 30, 2014, up from RM9.61 million in the same quarter last year.

Tuesday, August 19, 2014

KLCI Outlook of Malaysia Stock Market Closing 19 Aug

Market Review for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded on today, in tandem with regional markets, following the positive overnight performance on Wall Street, the key index opened 1.22 points firmer at 1,862.97 and stood up 2.56 points at 1,864.31. Shares on Bursa Malaysia continued the uptrend at mid-afternoon today, bolstered by gains seen in selected heavyweights and finance-linked counters.
KLCI Day Performance
Open
1862.97
High
1872.16
Low
1862.49
Close
1872.16
Change(Points)
10.410
% Change
0.56%
Volume
5112.6M
Rise
456
Fall
439
Unch
1417
Market forecast for KLCI:
Market opened at support of 1862.661 and move 10 points today in green market, it is expected the prices may cross today’s closing at 1872 and rebound the market.

KLCI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1859
1850
1837
1882
1895
1910
Technical indicators:RSI stood below the centre line at 52.432 with its CCI at 24.611. Difference line of MACD performed at -4.343 above its signal line which performed at -5.083.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
PETDAG.KL
21.56
4.36
UEMS.KL
1.98
-1.49
RHBCAP.KL
9.5
2.37
UMW.KL
12.3
-0.49
PPB.KL
14.98
2.04
AXIATA.KL
6.95
-0.14
HLFG.KL
17.38
1.64
MAXIS.KL
6.59
0.3
BAT.KL
71.46
1.51
SIME.KL
9.55
0.42
Economic Factors:
  • The ringgit closed lower against the US dollar yesterday on profit-taking.
  • Crude palm oil (CPO) futures prices ended marginally lower yesterday due to the prevailing negative sentiment.
  • The local rubber market closed sharply lower yesterday and in line with the decline on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE).
  • Media sector underweight which was badly hit by the MH17 tragedy in July with total gross adex deteriorating by 9% month-on-month.
  • Malaysia Airlines (MAS), the loss-making carrier reeling from two separate aircraft disasters this year, has postponed publication of second-quarter earnings from Wednesday until Aug. 28.
  • Matrix Concepts Holdings Bhd’s Q2 net profit climbed 41.3pc to RM42.4m, from resilient demand for new launches of affordable residential and industrial properties.
  • Integrated crane fabricator and services provider Handal Resources Bhd marked a six-fold jump in H1 net profit to RM1.25 million, on favourable product mix and improved cost efficiency.

SGX Singapore : STI Technical Analysis 19 Aug


Market Review for STI:
Singapore share prices opened higher with the Straits Times Index up 6.25 points to 3,319.03. Prices formed a inverted hammer pattern for the day, which let prices to rebound.
STI Day Performance
Open
3318.68
High
3326.69
Low
3313.47
Close
3315.03
Change(Points)
3.650
% Change
0.11%
Volume
1733.2M
Rise
227
Fall
163
Unch
725
Market forecast for STI:
Prices ended higher at 3316.43 and Market stood at resistance level 3307. It is expected to rebound on completion of rounding bottom pattern.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3306
3296
3281
3326
3338
3351
Technical indicators: 
RSI is above the centre line at 59.568 and CCI is at 78.358.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP IND
5.17
-1.15
CAPITALAND
3.36
2.13
GOLDEN AGRI-RES
0.52
-0.95
THAIBEV
0.65
1.56
COMFORTDELGRO
2.48
-0.8
OCBC BANK
10.31
1.08
JMH 400 USD
60.71
-0.54
CAPITAMALL TRUST
1.995
0.76
JSH 500 USD
36.48
-0.44
HPH TRUST USD
0.71
0.71
SEMBCORP IND
5.17
-1.15
Important Factor for today:-
  • Singapore’s Oversea-Chinese Banking Corp (OCBC) said yesterday it plans to raise S$3.37 billion (RM8.53 billion) in a rights issue to boost its balance sheet following its takeover of Hong Kong’s Wing Hang Bank.
  • LOCAL payment performance deteriorated further in the Q2 of this year, according to the latest statistics from the Singapore Commercial Credit Bureau (SCCB), since Q3 2013, overall payment promptness of local firms fell sharply below the 50% mark in Q2 2014.
  • Olam International on Monday announced that it was selling a 25% stake in its packaged food business to Japanese noodles manufacturer Sanyo Foods for US$187.5 million.
  • Nam Cheong announced its entry into a joint venture (JV) with smaller shipping firm, Marco Polo Marine, to invest in and operate vessels together.

 
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