singapore stock picks

Thursday, October 16, 2014

SGX Technical Analysis Outlook 16th Oct

Market Review for STI:
STI gave a gap down opening at 3179.35 and fell 1.04 per cent to 3,165.3 just half an hour into trading today’s morning. This followed in the footsteps of US stocks which fell on Wednesday (early Thursday morning, Singapore time) on continued worries over the global economy and the spreading Ebola epidemic. Shares ended higher on Thursday with the benchmark Straits Times Index down 44.51 points to close at 3,154.21.

STI Day Performance
Open
3179.35
High
3179.35
Low
3154.21
Close
3154.21
Change(Points)
-44.51
% Change
-1.39%
Volume
1335.2M
Rise
69
Fall
389
Unch
679
Market forecast for STI:
The continued worrying issues in the global economy pulled the market down and we may expect the same situation till the impact eases. The market can further dip down as it is continuously breaking the supports.

STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3143.09
3118.44 3083.13
3187.09
3221.42
3259.5
Technical Indicators:
RSI is below the centre line and is at 44.38 and CCI is at -38.41.

Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
CAPITAMALL TRUST.SG 1.925 0.26 KEPPEL CORP.SG 9.54 -3.73
SPH.SG 4.16 -0.24 COMFORTDELGRO.SG 2.36 -3.28
CITYDEV.SG 9.24 -0.32 OLAM INTL.SG 2.14 -3.17
SIA.SG 9.65 -0.41 NOBLE.SG 1.23 -3.15
SIA ENGINEERING.SG 4.42 -0.45 SEMBCORP IND.SG 4.82 -3.02
Important Factor for today:-
  • Singapore, the world’s largest bunkering port, plans to supply liquefied natural gas (LNG) to fuel ships by 2020, a government official said on Wednesday, as part of a global trend to move away from oil to gas to reduce emissions. “We are working towards LNG bunkering in Singapore by 2020, hopefully earlier if possible,” Minister for Transport Lui Tuck Yew said at an industry event.
  • TOURISM receipts grew 2 per cent year on year in the first half of this year to S$11.8 billion, even as visitor arrivals to Singapore fell 3 per cent to 7.5 million. Stripping out China, visitor arrivals from all other markets were up 2 per cent in H1 14. But in Q2 14, tourism receipts were down 3 per cent year on year to S$5.6 billion while visitor arrivals declined a sharper 6 per cent to 3.6 million.
  • RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6 per cent. According to a release from the Department of Statistics (DOS) on Wednesday, sales of vehicles were up by as much as 49.5 per cent year on year and 13.1 per cent month on month. Month on month, retail sales (seasonally adjusted) were up 5.3 per cent in August, again bolstered by sales of motor vehicles. Stripping out motor vehicles sales, retail sales increased 3.5 per cent. The total retail sales value for August came to S$3.2 billion, up from S$3 billion a year ago, said DOS.
  • Inflation in China fell to 1.6 per cent in September, the government said Wednesday, below analysts’ forecasts and the lowest in the world’s second-largest economy for almost five years. The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 per cent in August. It was the lowest since January 2010. Analysts polled by Dow Jones Newswires had predicted 1.7 per cent. The figures fall well short of the 3.5 per cent annual target set by the government in March, and signal that deflationary pressures are rising.

Wednesday, October 15, 2014

SGX Singapore Market Technical Analysis 15th Oct

Market Review for STI:
Share prices opened higher today with STI up 7.04 points to 3,201.44. Asian stocks were cautiously up as benign inflation data in china and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery. High was marked at 3210 and low for the day was marked at 3194.

STI Day Performance
Open
3199.63
High
3210.00
Low
3194.03
Close
3198.72
Change(Points)
+4.32
% Change
+0.14
Volume
1390.4M
Rise
129
Fall
276
Unch
731
Market forecast for STI:
STI formed an inverted hammer pattern for the day and also a bullish star pattern was formed the previous trading day. Technical’s are supportive to the minor trend reversal or a bullish correction.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3190
3180
3160
3220
3240
3260
Technical Indicators:
RSI is at 32 and CCI is at -129.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
ASCENDAS REIT.SG
2.24
1.82
GOLDEN AGRI-RES.SG
0.48
-3.03
OLAM INTL.SG
2.21
1.38
JMH USD.SG
57.94
-0.84
CAPITAMALL TRUST.SG
1.92
1.32
KEPPEL CORP.SG
9.91
-0.8
SIA.SG
9.69
0.83
SIA ENGINEERING.SG
4.44
-0.67
CITYDEV.SG
9.27
0.76
WILMAR INTL.SG
3
-0.66
Important Factor for today:-
  • Singpost will open a s$182 million e-commerce logistics hub in tampines in 2016 in line with efforts to further develop the business segment amid a fast growing e-commerce market in Asia.
  • Triyards holdings has inked agreements to acquire strategic marine (s) in Singapore and strategic marine (v) in Vietnam for a$23.3 million (s$26 million).
  • Vard holdings late warned that it will likely report "marginally negative ebitda" (earnings before interest, taxes, depreciation and amortization) for its third quarter ended sept 30, 2014.
  • In line with efforts to develop its e-commerce business, Singpost is spending s$182 million to set up an ecommerce logistics hub, which will be ready by the second half of 2016.
  • Cordlife group limited has set up a s$500 million multi-currency debt-issuance programme.
  • Singapore, the world's largest bunkering port, plans to supply liquefied natural gas (lng) to fuel ships by 2020, a government official said today, as part of a global trend to move away from oil to gas to reduce emissions. "We are working towards lng bunkering in Singapore by 2020, hopefully earlier if possible," minister for transport lui tuck yew said at an industry event.
  • DBS bank on Tuesday said it signed an agreement to work with shanghai international energy exchange to boost the internationalization of china's energy futures exchange market.

Tuesday, October 14, 2014

SGX Singapore : Stock Market Report for 14th Oct

Market Review for STI:
Singapore share prices opened lower today with the straits times’ index down 9.76 points to 3,192.39. Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the ministry of trade and industry. High for the day was marked at 3211.66 and low was marked at 3191.05.
STI Day Performance
Open
3192.39
High
3211.66
Low
3191.05
Close
3194.40
Change(Points)
-7.75
% Change
-0.24%
Volume
1156.8M
Rise
132
Fall
249
Unch
753
Market forecast for STI:
We may expect STI to dip down further, as no positive impact was seen although GDP data for Singapore economy increased by 2.4 % .STI mat trade in the range of 3186-3220.
STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3187.1
3167.12
3143.09
3222.84
3241.41
3259.5
Technical Indicators:
RSI is at 30.89 CCI is at -156.Indicators is bearish on the index and indicating that a further dip in the market can be seen.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GOLDEN AGRI-RES.SG 0.495 1.02 SIA.SG 9.61 -1.74
HONGKONGLAND USD.SG 6.8 0.74 COMFORTDELGRO.SG 2.44 -1.21
CITYDEV.SG 9.2 0.44 OCBC BANK.SG 9.6 -0.93
JMH USD.SG 58.43 0.41 GENTING SING.SG 1.085 -0.91
WILMAR INTL.SG 3.02 0.33 UOB.SG 21.95 -0.77
Important Factor for today:-
  • Resale prices of non-landed private homes dipped 0.3 per cent in September compared to august, according to SRX property.
  • Asian markets mostly rose today on bargain hunting, but Tokyo took a thumping as traders returned from a long weekend to a much stronger yen.
  • Productivity in Singapore's construction sector has seen some improvements but it remains short of the government's target, Grace Fu, Minister in Prime Minister Office said on Tuesday.

Thursday, October 9, 2014

SGX - STI Technical Report 9th Oct


Market Review for STI:
STI gave a gap up opening by18.26 points to 3,244.97, opened higher on the back of Wall Street stock. It made a high of 3264.06 and the low for the day was marked at 3239.97 .STI formed a bullish candle for the day and closed at 3259.25.

STI Day Performance
Open
3242.47
High
3264.06
Low
3239.97
Close
3259.25
Change(Points)
+32.54
% Change
+1.01%
Volume
1172.5M
Rise
205
Fall
177
Unch
752
Market forecast for STI:
If it is the correction then the confirmation of bullishness will be from the opening price of the next trading day.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3225
3215
3200
3275
3285
3300
Technical Indicators:
RSI is below center line at 42.62 and CCI is at -82.27.
Top Gainers
Top Losers
Scrip Name
CMP
%change
S crip Name
CMP
%change
CAPITALAND.SG
3.12
2.97
SPH.SG
4.18
-1.18
GENTING SING.SG
1.115
2.29
SIA ENGINEERING.SG
4.53
-0.66
HONGKONGLAND USD.SG
6.89
1.92
KEPPEL CORP.SG
10.24
-0.49
JMH USD.SG
59.01
1.9
SIA.SG
9.71
0.31
JSH USD.SG
34.75
1.85
SEMBCORP IND.SG
5.07
0.4
Important Factor for today:-
  • Shares of raffles education corp. soared in early trade today after the company said it would spin off its wholly owned oriental University City holdings on Hong Kong’s growth enterprise market.
  • Investors in Singapore are flocking to take cover under bonds umbrella amid gathering clouds over the global economy. Even the weakening sing $ has failed to dent their enthusiasm for the fixed income securities, in particular government bonds.
  • The stock of lifestyle products group Osim international, a long-time market darling, traded sharply lower for a second day in a row on heavy volume.
  • Housing and development board (hdb) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore real estate exchange.

Wednesday, October 8, 2014

Stock Market Review for STI Singapore 8th Oct


Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.
STI Day Performance
Open
3227.62
High
3234.71
Low
3223.82
Close
3226.71
Change(Points)
-17.28
% Change
-0.53%
Volume
1143.05M
Rise
126
Fall
255
Unch
753
Market forecast for STI:
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3220
3200
3170
3250
3270
3285
Technical Indicators:
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
3.62
1.12
CITYDEV.SG
9.26
-2.11
SPH.SG
4.23
0.71
GOLDEN AGRI-RES.SG
0.5
-1.96
HONGKONGLAND USD.SG
6.76
0.6
NOBLE.SG
1.28
-1.92
SGX.SG
6.99
0.43
OLAM INTL.SG
2.3
-1.71
KEPPEL CORP.SG
10.29
-0.1
CAPITALAND.SG
3.03
-1.62
Important Factor for today:-
  • Citi has picked Singaporean lee lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank's franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses.
  • Singapore has fallen out of a ranking of the top 20 cities for property investment.
  • Singapore’s move to allow foreign judges to hear commercial cases may boost its standing against regional rival Hong Kong where concerns have mounted that its judicial independence is being undermined by china.
  • The straits times’ index today drifted to a 9.25-point loss at 3,243.99. it was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets.
  • Massage chair maker Osim International has no idea why its share price could have tumbled so much for two days straight, it told the Singapore Exchange.

 
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