singapore stock picks

Monday, June 8, 2015

SGX Singapore - STI Technical & Fundamental Analysis with forecast signals

Market Review for STI: Singapore shares continued to trade weaker. STI slipped 0.40% to 3320.33. The Straits Times Index came off from its intraday peak of 3333.99 and low of 3,318.28. Singapore shares traded weaker, even as US non-farm payrolls for the month of May came in better than expected last Friday at 280,000, topping estimates of 226,000.
However, US unemployment rate inched up to 5.5% in May, as compared to 5.4% in April.
Open- 3326.37
High- 3333.99
Low- 3318.28
Close- 3320.33
Change(Points)- -13.34
% Change- -0.40%
Volume- 161.53M
Market forecast for STI: Straits Times Index is expected to continue its downward moment as Singapore FX Reserves released today has decreased from 251.9B in May to 250.2B in June which might have a negative impact on the market.
Technical Indicators: RSI at 23with its CCI at -152.
GLOBAL FACTORS & WORLD INDICES:
  • Singapore’s public transport operator SMRT has backed out of a proposed investment in a firm bidding to become the fourth wireless telecommunications operator in the island nation, but it may only be a temporary reprieve for the incumbents, Citigroup says.
  • Singapore Telecommunications (Singtel) has launched a cloud-based solution that helps enterprises in Asia Pacific, Australia, Europe and the US simplify the management of their networks.
  • Crude oil prices fell on Monday as markets were expectedto be increasingly oversupplied following OPEC’s decision tokeep its production targets unchanged.
  • U.S. benchmark Treasury debt yields on Friday posted theirbest weekly performance in two years after data showed theworld’s largest economy created more jobs than expected lastmonth, bolstering prospects for a Federal Reserve interest ratehike in September.
  • Stocks in Japan fell Monday as expectations of a U.S. interest rate increase grew, while the Shanghai Composite Index SHCOMP, +1.91% rose to its highest in more than seven years after a volatile week.
  • Hong Kong stocks managed to shed most of their opening losses Monday morning, shrugging off a drop for U.S. markets at the end of last week, with the Hang Seng Index HSI, +0.48% down 0.1%, moving off earlier lows as weak Chinese trade data for May suggested higher odds for more government stimulus. The data printed weaker than expected, showing a 17.6% tumble in imports and a 2.5% drop for exports.
  • Japanese stocks came rolling higher in early Monday trade, emboldened by a sharply weaker yen and Friday’s gains for U.S. banks in the wake of an upbeat May jobs report. The Nikkei Stock Average NIK, -0.02% added 0.3%, wiping away Friday’s 0.1% slip, while the broader Topix I0000, -0.30% improved by 0.2%. Blue-chip exporters enjoyed a boost as the yen explored new 13-year lows against the dollar USDJPY, -0.05% which was buying ¥125.54 early Monday.
  • The China Securities Regulatory Commission is revising the rules in a bid to achieve “orderly development” in brokerage firm’s margin-trading and short-selling businesses.
  • The dollar was lower against the yen in Asia trade Monday, as investors locked in profits fromlast week’s rally that pushed the greenback to its highest level in 13 years.The dollar was at ¥125.51, compared with ¥125.64 late Friday in New York.
  • FBM KLCI pared some of its loss at the midday break today while the ringgit fell to a nine-year low versus the US dollar. The ringgit dropped to a nine-year low versus the US dollar, weakening to as low as RM3.7630 against the US dollar, as the dollar strengthened on better US non-farm payrolls data.

Wednesday, May 27, 2015

Singaporer Stock Market Updates and Future Forecast

Market Review for STI: Shares traded in the negative territory, dragged down by declines on Wall Street overnight due to concerns of imminent US interest rate hikes on the horizon.The Dow Jones Industrial Average fell 1% to 18,041.54, the S&P 500 gave up 1% to 2,104.20 and the Nasdaq Composite shed 1.1% to 5,032.75.
STI Day Performance
Open: 3434.80
High: 3438.19
Low: 3412.52
Close: 3424.94
Change(Points): -35.4
% Change: -1.01%
Volume: 1610.5M
Rise: 159
Fall: 253
Unch: 948
Market forecast for STI: We may expect STI will touch 3400 then it will take rebound.
STRAITS TIME LEVELS
Support 1: 3400
Support 2: 3373
Support 3: 3356
Resistance 1: 3470
Resistance 2: 3521
Resistance 3: 3550
Technical Indicators: RSI is at 49 and CCI is at 2.
ECONOMIC FACTORS:
  • Boustead Singapore reported a 30 per cent slide in net profit to S$17.9 million for the fourth quarter ended March 31, 2015, amid a challenging operating environment.
  • Cortina Holdings posted a 28.5 per cent surge in its fiscal fourth-quarter net profit to S$6.7 million.
  • EuroSports Global announced a net loss of S$4.02 million for the fiscal year ended March 31, 2015, compared to a net profit of S$17.02 million a year ago, dragged down by poorer gross margin, lower sales of new automobiles, a fall in the group's watch distribution and retail business, as well as higher expenses.
  • CSC Holdings chalked up a net loss of S$9.03 million for the fourth quarter ended March 31, 2015, against a net profit of S$533,000 a year ago, due in part to impairment losses on plant and equipment. 
  • Singapore's foreign maids exploited by agents, employer.
  • Singapore O&G launches IPO for Catalist listing
  • Keppel Corp unit buys remaining stake in Norwegian firm OWEC Tower.
  • Dollar rallies to 8-year high on yen.
  • Oil market dips on strong dollar.

Tuesday, May 26, 2015

SGX Share Market : STI Stock Picks & Technical Analysis Review

Market Review for STI:
share prices opened higher with the Straits Times Index up 2.65 points to 3,463.50. Singapore shares drifted between the positive and negative territory in a moribund trading session, due to a lack of fresh leads as US markets were closed overnight for the Memorial Day holiday.
STI Day Performance
Open
3463.92
High
3467.10
Low
3456.85
Close
3459.98
Change(Points)
-0.87
% Change
0.03%
Volume
1663.9M
Rise
198
Fall
239
Unch
919
Market forecast for STI:
We may expect STI will go down in next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3457
3352
3320
3475
3520
3550
Technical Indicators:
RSI is at 49 and CCI is at 2.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
st engineering.sg
3.42
1.48
ascendas reit.sg
0.43
-2.27
sph.sg
8.74
1.04
capitaland.sg
0.92
-1.08
singtel.sg
3.05
0.99
capitamall trust.sg
61.01
-0.83
sia.sg
4.19
0.48
citydev.sg
3.63
-0.82
sia engineering.sg
4.24
0.47
comfortdelgro.sg
0.665
-0.75
Important Factor for today:-
  • Valuetronics Holdings posted a 0.9 per cent increase in net profit to HK$149.2 million (S$25.7 million) for its full year ended March 31, 2015.
  • AVJennings has signed agreements to acquire the Waterline Place project in Williamstown, Victoria.
  • Stamford Land Corp reported an 87.5 per cent surge in net profit to S$5.39 million for the fourth quarter ended March 31, 2015, as revenue was boosted by its property development segment.
  • Jason Marine turned in a 39.8 per cent rise in net profit to S$3.89 million with help from higher net exchange gain.
  • Fischer Tech reported a net profit of S$7.48 million for the financial year ended March 31, 2015, up 12.7 per cent year on year.
  • DBS Bank as ramped up its commitment to Marina Bay, with a pledge of S$12 million over three years to further boost activities in the area.
  • Singapore's GDP growth revised down to average 2-4% per year from now to 2020: MTI.
  • Singapore's Q1 non-oil domestic exports up 4.8% from a year ago.
  • Singapore's Q1 GDP growth better than expected at 2.6%.
  • Brent trades near $65 with volumes lower amid public holidays.
  • Gold struggles near US$1,200 on Yellen comments, robust dollar.

Monday, May 11, 2015

SGX Singapore STI Technical Analysis Outlook 11 May

Market Review for STI: Singapore shares are likely to head higher on the back of Wall Street's rally last Friday fuelled by a positive April US payrolls report.
 The US unemployment rate fell to 5.4%, the lowest since May 2008.China's decision on Sunday to cut interest rates - the third reduction in six months - to support the world's second-largest economy is also expected to underpin investor sentiment. The Dow Jones Industrial Average rose 1.5% to 18,191.11, the S&P 500 climbed 1.4% to 2,116.10 and the Nasdaq Composite gained 1.2% to 5,003.55.
Market forecast for STI: STI has taken rebound we may expect bullish trend in STI.
Technical Indicators: RSI is at 49 and CCI is at -74.
ECONOMIC FACTORS:
  • Asian stocks rise after China rate cut, US payrolls.
  • Vallianz's Q1 profit rises 5% to US$4.97m.
  • Crude-oil bulls threatened as shale patch revives drilling plans.
  • Dollar suffers as reflation trade transforms losers into winners.
  • Asian bankers face US$43b dead deals after oil plunge.
  • Nuclear power generation in Japan will cost 10.3 yen per kilowatt hour or more by 2030, the cheapest among various power sources.
  • Asia-Pacific Strategic Investments has offered to acquire Century 21 Hong Kong in a deal worth $1 million.
  • The US$5.3-trillion-a-day foreign-exchange market has a new buzzword: reflation. "This could bode for a weaker US dollar across the board."
  • Saudi Arabia opening its US$568 billion stock exchange to foreigners.
  • Nuclear power generation in Japan will cost 10.3 yen per kilowatt hour or more by 2030, the cheapest among various power sources.
  • Asia-Pacific Strategic Investments has offered to acquire Century 21 Hong Kong in a deal worth $1 million.

Tuesday, May 5, 2015

SGX: Stock Market Signals & Advice for Tomorrow

sti chartMarket Review for STI: Shares edged down and the Straits Times Index (STI) was 5.9 points or 0.17 per cent lower at 3,476.80 despite Wall Street's climb overnight. Shares were still mostly lower as investors cashed out on stocks that went ex-dividend and digested various earnings reports before planning their next move.
Market forecast for STI:We may expect STI will touch 3440 after that it will take rebound.
Technical Indicators: RSI is at 47 and CCI is at -87.
ECONOMIC FACTORS:
  • Oil prices edged lower in thin Asian trade as concerns over a global supply glut persisted, with few fresh leads for dealers to track.
  • SINGAPORE'S manufacturing sector contracted for a fifth consecutive month in April, according to the latest purchasing managers' index (PMI).
  • Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, hurt by slowing demand from major export partners and a drop in global oil prices, the statistics bureau said on Tuesday. 
  • Gold retained overnight gains on Tuesday but was stuck below US$1,200 an ounce as investors waited on US nonfarm payrolls later in the week for clues on when the Federal Reserve will hike interest rates.
  • KENCANA Agri will report a net loss for the three months ended March 31, the palm oil producer announced late on Monday.
  • Noble Group has brought forward its first-quarter results announcement by two days, but the Asian commodity trading giant under attack from a research firm over alleged improper accounting did not give a reason for the move.

 
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